Vertex Inc reports results for the quarter ended in December - Earnings Summary

Vertex

29/02/2024 14:34

* Vertex Inc  VERX.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 10 cents to 14 cents per share.
    * Revenue rose 18.1% to $154.91 million from a year ago;
analysts
expected $146.45 million. 
    * Vertex Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $15.34
million.
    * Vertex Inc shares had fallen by 5.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Vertex Inc is
$29.50 
This summary was machine generated from LSEG data February 29 at
02:34 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           0.13           Beat
 Sep. 30 2023      0.09           0.10           Beat
 Jun. 30 2023      0.08           0.08           Met
 Mar. 31 2023      0.08           0.08           Met