Vimeo, Inc. (VMEO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in e ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Vimeo, Inc. (VMEO) - Vimeo, Inc. currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, VMEO shares increased by 1.67%, while the Zacks Technology Services industry declined by 0.51% [6]. - In a longer timeframe, VMEO's monthly price change is 39.54%, significantly outperforming the industry's 0.15% [6]. - Over the last quarter, VMEO shares rose by 31.64%, and over the past year, they increased by 86.19%, compared to the S&P 500's gains of 13.52% and 37.4%, respectively [7]. Trading Volume - VMEO's average 20-day trading volume is 1,547,412 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for VMEO show positive momentum, with two estimates moving higher for the full year, raising the consensus estimate from $0.08 to $0.14 [10]. - For the next fiscal year, two estimates have also increased, with no downward revisions noted [10].

Have you been paying attention to shares of Vimeo, Inc. (VMEO) ? Shares have been on the move with the stock up 39.5% over the past month. The stock hit a new 52-week high of $7.18 in the previous session. Vimeo, Inc. has gained 71.9% since the start of the year compared to the 24.6% move for the Zacks Business Services sector and the 44.5% return for the Zacks Technology Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

Core Insights - Vimeo, Inc. reported better-than-expected third-quarter financial results and provided fourth-quarter sales guidance above market estimates [1][2] Financial Performance - Quarterly earnings were reported at 5 cents per share, surpassing the analyst consensus estimate of 1 cent per share [2] - Quarterly sales reached $104.564 million, exceeding the analyst consensus estimate of $99.605 million [2] Future Guidance - For the fourth quarter, Vimeo anticipates sales of $100 million, compared to market estimates of $97.14 million [2] Stock Performance - Following the earnings announcement, Vimeo shares increased by 44.7%, trading at $6.96 [2] Analyst Ratings and Price Targets - Truist Securities analyst Youssef Squali maintained a Buy rating and raised the price target from $7 to $9 [2] - Piper Sandler analyst Thomas Champion reiterated a Neutral rating and increased the price target from $5 to $7 [2] - TD Cowen analyst John Blackledge maintained a Hold rating and raised the price target from $6 to $7 [2]

Market Performance - U.S. stocks traded higher, with the Dow Jones index gaining over 350 points, up 0.86% to 42,154.69, NASDAQ rose 1.25% to 18,407.20, and S&P 500 increased by 1.01% to 5,770.63 [1] - Consumer discretionary shares surged by 1.7%, while energy shares rose by only 0.3% [1] Trade Deficit - The U.S. trade deficit increased to $84.4 billion in September, the highest level since April 2022, exceeding market estimates of an $84.1 billion gap, compared to a revised $70.8 billion gap in August [2][6] Notable Stock Movements - Bionomics Limited (BNOX) shares surged 156% to $0.49 after securing an AUS$1 million milestone payment, with potential earnings of up to AUS$118 million [2] - Vimeo Inc (VMEO) shares rose 45% to $6.95 following better-than-expected Q3 results and optimistic Q4 sales guidance [2] - ZyVersa Therapeutics, Inc. (ZVSA) shares increased by 33% to $2.41 due to promising data on inflammasome inhibition [2] Declining Stocks - Marqeta, Inc. (MQ) shares dropped 41% to $3.52 after disappointing Q3 sales results and multiple downgrades [3] - Verrica Pharmaceuticals Inc. (VRCA) shares fell 40% to $0.86 following poor quarterly results [3] - Bioventus Inc. (BVS) shares decreased by 20% to $10.97 after announcing Q3 results [3] Commodity Prices - Oil traded up 0.5% to $71.83, gold up 0.2% to $2,750.40, silver up 0.5% to $32.775, and copper rose 0.9% to $4.4720 [4] European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 up 0.06%, Germany's DAX gaining 0.57%, and France's CAC 40 rising 0.48% [4] - Spain's consumer confidence indicator declined by 4.6 points to a reading of 84.8 in September [4] Asian Market Performance - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.11%, Hong Kong's Hang Seng Index up 2.14%, China's Shanghai Composite Index up 2.32%, and India's BSE Sensex gaining 0.88% [5]

Core Viewpoint - Vimeo's stock surged 42% following the release of its Q3 2024 financial results, reaching its highest price in over two years, despite a slight decline in revenue [1]. Financial Performance - In Q3, Vimeo's revenue decreased by almost 2% year over year, while the gross margin remained stable at 79%. The net income increased to $9 million from $8 million in the previous year [2]. - The company has successfully cut expenses, leading to record highs in earnings per share (EPS) and free cash flow [3]. Growth Potential - Although overall revenue is down, Vimeo's enterprise product is experiencing significant growth, with bookings for the enterprise platform increasing by 39% in Q3, now representing 25% of total bookings [4]. - The stock was previously undervalued, trading at two times its sales and about 16 times its free cash flow, which may have been justified for a declining business. However, if the enterprise-video platform continues to grow, the current valuation could be considered cheap [5]. Future Outlook - The key factor for Vimeo's future success is its ability to profitably scale its enterprise platform, which could lead to further stock price appreciation [6].

So far, the Q3 earnings season has continued to prove itself to be quite the opportune time for small and mid-cap rebound plays. Investors have sent shares of these turnaround stocks up double-digits on just the slightest whiff of good news, relatively unfazedWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He h ...

Core Insights - Vimeo, Inc. reported $104.56 million in revenue for Q3 2024, a year-over-year decline of 1.6%, but exceeded the Zacks Consensus Estimate of $99.48 million by 5.11% [1] - The company achieved an EPS of $0.05, matching the EPS from the same period last year, with a significant surprise of 400% compared to the consensus estimate of $0.01 [1] Revenue Metrics - ARPU for Self-Serve & Add-Ons was $209, surpassing the average estimate of $203.40 [3] - ARPU for Other was $1,082, exceeding the average estimate of $1,006.04 [3] - ARPU for Vimeo Enterprise reached $23,043, above the average estimate of $21,174.44 [3] - Revenue from Other was $15.03 million, compared to the average estimate of $13.09 million, reflecting a year-over-year decline of 21.3% [3] - Revenue from Vimeo Enterprise was $21.68 million, exceeding the average estimate of $20.31 million, with a year-over-year increase of 42.4% [3] - Revenue from Self-Serve & Add-Ons was $67.86 million, slightly above the average estimate of $65.99 million, representing a year-over-year decline of 5.7% [3] Stock Performance - Vimeo's shares have returned -1.4% over the past month, while the Zacks S&P 500 composite has increased by 0.4% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]

Table of Contents As filed with the Securities and Exchange Commission on November 5, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-40420 rimeo VIMEO, INC. (Exa ...

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vimeo posted its third quarter 2024 shareholder letter on the investor relations section of its website at https://www.vimeo.com/investors. About VimeoVimeo (NASDAQ: VMEO) is the world's most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world's largest com ...