Vimeo (NASDAQ:VMEO) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Posted by William Tyler on May 8th, 2024

Vimeo (NASDAQ:VMEO – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business had revenue of $104.91 million during the quarter, compared to the consensus estimate of $100.40 million. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Vimeo updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.

Vimeo Price Performance

Shares of VMEO stock opened at $3.92 on Wednesday. The stock has a market cap of $658.72 million, a PE ratio of 30.16 and a beta of 2.02. The stock has a 50-day moving average of $4.26 and a 200-day moving average of $3.92. Vimeo has a one year low of $3.02 and a one year high of $5.77.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a “neutral” rating and set a $4.50 target price (up previously from $4.00) on shares of Vimeo in a research report on Tuesday.

Check Out Our Latest Research Report on Vimeo

Vimeo Company Profile

(Get Free Report)

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.