VTEX (NYSE:VTEX) Releases Quarterly Earnings Results, Meets Estimates

VTEX (NYSE:VTEX) announced its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Briefing.com reports. The company had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. VTEX updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

VTEX Trading Down 0.1 %

NYSE VTEX traded down $0.01 on Thursday, reaching $6.71. The company had a trading volume of 548,408 shares, compared to its average volume of 476,735. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.61 and a quick ratio of 3.61. The business has a 50 day moving average of $6.97 and a two-hundred day moving average of $6.99. VTEX has a fifty-two week low of $5.72 and a fifty-two week high of $9.59. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 112.08 and a beta of 1.40.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price target on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.