VTEX(VTEX) ZACKS·2024-11-05 23:30Core Insights - VTEX reported revenue of $56 million for the quarter ended September 2024, reflecting a year-over-year increase of 10.6% [1] - The earnings per share (EPS) was $0.02, an improvement from -$0.01 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $57.08 million by 1.89% [1] - The company did not deliver an EPS surprise as the consensus estimate was also $0.02 [1] Financial Metrics - Gross Merchandise Volume (GMV) was reported at $4.38 billion, below the average estimate of $4.51 billion from two analysts [3] - Services revenue was $2.10 million, significantly lower than the average estimate of $2.56 million, representing a year-over-year decline of 31.9% [3] - Subscription revenue reached $53.90 million, slightly below the average estimate of $54.52 million, but showed a year-over-year increase of 13.4% [3] Stock Performance - VTEX shares have returned -4.6% over the past month, compared to a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]