VTEX (NYSE:VTEX) Releases Earnings Results, Beats Estimates By $0.04 EPS

VTEX (NYSE:VTEX) released its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04, Briefing.com reports. The business had revenue of $56.50 million for the quarter, compared to analyst estimates of $56.45 million. VTEX had a negative return on equity of 3.32% and a negative net margin of 3.87%. VTEX’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. VTEX updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

VTEX Trading Up 14.2 %

Shares of VTEX stock traded up $0.86 during midday trading on Wednesday, reaching $6.88. The company had a trading volume of 764,071 shares, compared to its average volume of 478,359. The firm has a market cap of $1.27 billion, a PE ratio of -171.88 and a beta of 1.37. The stock has a fifty day moving average price of $6.78 and a 200 day moving average price of $7.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.42. VTEX has a fifty-two week low of $4.66 and a fifty-two week high of $9.59.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.40.

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.