Vertex Inc expected to post earnings of 8  cents a share - Earnings Preview

Vertex

08/05/2023 19:34

* Vertex Inc  VERX.OQ   VERX.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 10. 
    * The King Of Prussia Pennsylvania-based  company is
expected to
report  a 14.7% increase in revenue to $131.904 million from
$114.98 million a year ago, according to the mean estimate from
9 analysts, based on Refinitiv data. The company's guidance on
March 8 2023, for the period ended March 31, was for revenue
between $131.00 million and $133.00 million.
    * ​Refinitiv's mean analyst estimate for Vertex Inc is for
earnings of 8 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 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Vertex Inc
is
$22​, above​ its last closing price of $20.19. ​​​

The company's guidance on March 8 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD131 million and USD21 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.06        0.06       0.08      Beat    37.1
 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
 ​​Dec.        0.06        0.05       0.08      Beat    55.6
 31 2021                                                
 Sep. 30 2021  0.05        0.05       0.08      Beat    59.6​
 Jun. 30 2021  0.06        0.05       0.08      Beat    61.2
 Mar. 31 2021  0.05        0.05       0.07      Beat    36.6
 This summary was machine generated May 8 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated