Vertex Inc expected to post earnings of 14 cents a share - Earnings Preview

Vertex

04/11/2024 15:49

* Vertex Inc  VERX.OQ   VERX.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The King Of Prussia Pennsylvania-based  company is
expected to
report a 14.3% increase in revenue to $165.705 million from
$145.03 million a year ago, according to the mean estimate from
11 analysts, based on LSEG data.The company's guidance on August
7 2024, for the period ended September 30, was for revenue
between $164.00 million and $167.00 million.
    * ​LSEG's mean analyst estimate for Vertex Inc is for
earnings of
14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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
$42.00​, below​ its last closing price of $42.17. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD164 million and
USD35 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  
 Jun. 30 2024  0.13        0.13       0.15      Beat    16.2
 Jan. 1 2024   0.13        0.13       0.15      Beat    16.5
 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.        0.08        0.08       0.08      Met     -2
 30 2023                                                
 Jan. 1 0001   0.08        0.08       0.08      Met     4.2​
 Dec. 31 2022  0.06        0.06       0.08      Beat    37.1
 Jan. 1 0001   0.07        0.06       0.08      Beat    30.4
 This summary was machine generated November 4 at 15:49 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)