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

VTEX (NYSE:VTEX) announced its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02, Briefing.com reports. The business had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. VTEX’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($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 %

Shares of NYSE VTEX opened at $6.71 on Friday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 111.85 and a beta of 1.40. VTEX has a one year low of $5.72 and a one year high of $9.59. The business has a fifty day simple moving average of $6.96 and a 200 day simple moving average of $6.98.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.