VTEX (VTEX) Scheduled to Post Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) will be releasing its earnings data 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.Parties that wish to listen to the company’s conference call can do so using this link.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Stock Up 1.2 %

VTEX stock traded up $0.09 during trading on Tuesday, reaching $7.50. 25,666 shares of the stock were exchanged, compared to its average volume of 460,819. VTEX has a twelve month low of $3.43 and a twelve month high of $9.59. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $7.29.

Wall Street Analyst Weigh In

VTEX has been the topic of a number of research reports. Piper Sandler boosted their price objective on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. UBS Group lifted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Bank of America raised their price target on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Morgan Stanley upgraded VTEX from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $5.50 to $8.00 in a research note on Friday, January 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, VTEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.44.

About VTEX

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.