VTEX (NYSE:VTEX) Issues Quarterly Earnings Results

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

VTEX Stock Down 1.6 %

Shares of NYSE VTEX traded down $0.11 during trading hours on Wednesday, hitting $6.78. 967,458 shares of the stock were exchanged, compared to its average volume of 475,789. The company has a market cap of $1.25 billion, a PE ratio of 229.74 and a beta of 1.40. VTEX has a 12 month low of $5.52 and a 12 month high of $9.59. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $6.98 and a 200-day moving average price of $6.99.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, VTEX has a consensus rating of “Buy” and an average price target of $10.40.

VTEX Company Profile

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.