Workflow
VTEX (VTEX) Meets Q3 Earnings Estimates
VTEXVTEX(VTEX) ZACKS·2024-11-05 23:10

Core Viewpoint - VTEX reported quarterly earnings of 0.02pershare,matchingtheZacksConsensusEstimate,andshowingimprovementfromalossof0.02 per share, matching the Zacks Consensus Estimate, and showing improvement from a loss of 0.01 per share a year ago [1]. Financial Performance - The company posted revenues of 56millionforthequarterendedSeptember2024,whichwasa10.556 million for the quarter ended September 2024, which was a 10.5% increase from 50.63 million year-over-year but missed the Zacks Consensus Estimate by 1.89% [2]. - Over the last four quarters, VTEX has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2]. Stock Performance - VTEX shares have declined approximately 0.3% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.04onrevenuesof0.04 on revenues of 67.66 million, and for the current fiscal year, it is 0.07onrevenuesof0.07 on revenues of 233.92 million [7]. - The estimate revisions trend for VTEX is mixed, and changes in earnings expectations may occur following the recent earnings report [6]. Industry Context - The Internet - Software industry, to which VTEX belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. - Another company in the same industry, Soho House & Co, is expected to report a quarterly loss of $0.01 per share, reflecting a year-over-year change of +95.5% [9].