VTEX (VTEX) Scheduled to Post Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. VTEX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $57.07 million. The business’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Price Performance

NYSE:VTEX opened at $7.90 on Monday. The firm’s fifty day moving average is $8.15 and its two-hundred day moving average is $7.36. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. VTEX has a one year low of $3.51 and a one year high of $9.59.

Analysts Set New Price Targets

VTEX has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. UBS Group upped their price objective on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Piper Sandler raised their price objective on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Bank of America boosted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.44.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.