Vertex Inc expected to post earnings of 11 cents a share - Earnings Preview

Vertex

27/02/2024 13:41

* Vertex Inc  VERX.OQ   VERX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The King Of Prussia Pennsylvania-based  company is
expected to
report a 11.7% increase in revenue to $146.452 million from
$131.13 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data.The company's guidance on
November 9 2023, for the period ended December 31, was for
revenue between $145.00 million and $147.00 million.
    * ​LSEG's mean analyst estimate for Vertex Inc is for
earnings of
11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Vertex Inc
is
$29.50​, above​ its last closing price of $25.19. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD145 million and
USD29.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.09        0.09       0.10      Beat    10.5
 Jun. 30 2023  0.08        0.08       0.08      Met     -2
 Mar. 31 2023  0.08        0.08       0.08      Met     4.2​
 Dec. 31 2022  0.06        0.06       0.08      Beat    37.1
 ​​Sep.        0.07        0.06       0.08      Beat    30.4
 30 2022                                                
 Jun. 30 2022  0.06        0.05       0.06      Beat    9.4​
 Mar. 31 2022  0.06        0.06       0.08      Beat    27.3
 Dec. 31 2021  0.06        0.05       0.08      Beat    55.6
 This summary was machine generated February 27 at 13:41 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)