Research Analysts Offer Predictions for Coveo Solutions Inc.’s Q4 2024 Earnings (TSE:CVO)

Coveo Solutions Inc. (TSE:CVO) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of Coveo Solutions in a research report issued to clients and investors on Wednesday, April 17th. National Bank Financial analyst R. Tse expects that the company will earn ($0.03) per share for the quarter. The consensus estimate for Coveo Solutions’ current full-year earnings is ($0.21) per share.

Coveo Solutions (TSE:CVO) last released its quarterly earnings results on Monday, February 5th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). The business had revenue of C$43.24 million for the quarter, compared to the consensus estimate of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on Coveo Solutions from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Eight Capital upped their target price on Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their target price on Coveo Solutions from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Scotiabank upped their target price on Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, TD Securities upped their target price on Coveo Solutions from C$13.50 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Coveo Solutions currently has a consensus rating of “Buy” and an average target price of C$13.75.

Coveo Solutions Stock Up 1.9 %

CVO stock opened at C$9.11 on Monday. Coveo Solutions has a fifty-two week low of C$6.02 and a fifty-two week high of C$12.48. The business’s 50 day moving average price is C$10.25 and its two-hundred day moving average price is C$10.12. The company has a debt-to-equity ratio of 5.37, a quick ratio of 3.14 and a current ratio of 2.44. The company has a market capitalization of C$485.75 million, a price-to-earnings ratio of -23.36, a price-to-earnings-growth ratio of 0.09 and a beta of 1.05.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.