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

Vertex

07/08/2023 19:34

* Vertex Inc  VERX.OQ   VERX.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 9. 
    * The King Of Prussia Pennsylvania-based  company is
expected to
report  a 14.1% increase in revenue to $136.078 million from
$119.28 million a year ago, according to the mean estimate from
9 analysts, based on Refinitiv data. The company's guidance on
May 10 2023, for the period ended June 30, was for revenue
between $135.00 million and $137.00 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," 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
$23.5​, above​ its last closing price of $19.23. ​​​

The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD135 million and USD22 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  
 Mar. 31 2023  0.08        0.08       0.08      Met     4.2
 Dec. 31 2023  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.        0.06        0.06       0.08      Beat    27.3
 31 2022                                                
 Dec. 31 2021  0.06        0.05       0.08      Beat    55.6​
 Sep. 30 2021  0.05        0.05       0.08      Beat    59.6
 Jun. 30 2021  0.06        0.05       0.08      Beat    61.2
 This summary was machine generated August 7 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated