Vertex Inc expected to post earnings of 13 cents a share - Earnings Preview

Vertex

06/05/2024 16:55

* Vertex Inc  VERX.OQ   VERX.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The King Of Prussia Pennsylvania-based  company is
expected to
report a 16.7% increase in revenue to $154.914 million from
$132.75 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data.The company's guidance on April
22 2024, for the period ended March 31, was for revenue between
$155.50 million and $157.50 million.
    * ​LSEG's mean analyst estimate for Vertex Inc is for
earnings of
13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "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
$35.50​, above​ its last closing price of $29.26. ​​​

The company's guidance on April 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD155.5 million and USD37.5
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  
 Dec. 31 2023  0.12        0.11       0.13      Beat    14.8
 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.        0.06        0.06       0.08      Beat    37.1
 31 2022                                                
 Sep. 30 2022  0.07        0.06       0.08      Beat    30.4​
 Jun. 30 2022  0.06        0.05       0.06      Beat    9.4
 Mar. 31 2022  0.06        0.06       0.08      Beat    27.3
 This summary was machine generated May 6 at 15:55 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)