VTEX (VTEX) Scheduled to Post Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect VTEX to post earnings of ($0.02) per share for the quarter. VTEX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The company had revenue of $60.70 million during the quarter, compared to the consensus estimate of $57.07 million. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Stock Performance

Shares of NYSE:VTEX opened at $7.90 on Monday. The firm’s 50 day simple moving average is $8.15 and its two-hundred day simple moving average is $7.36. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. VTEX has a 1-year low of $3.51 and a 1-year high of $9.59.

Analysts Set New Price Targets

Several research analysts recently weighed in on VTEX shares. UBS Group upped their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, March 25th. JPMorgan Chase & Co. boosted their price target on VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Piper Sandler increased their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Bank of America boosted their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.44.

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.