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

Vertex

07/08/2024 15:21

* Vertex Inc  VERX.OQ  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 12 cents to 14 cents per share.
    * Revenue rose 15.3% to $161.10 million from a year ago;
analysts
expected $160.66 million. 
    * Vertex Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $5.16
million.
    * Vertex Inc shares had risen by 0.3% this quarter and
gained 34.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 8 "strong buy" or "buy," 4
"hold" and no "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
$40.00 
This summary was machine generated from LSEG data August 7 at
02:21 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
 Jun. 30 2024      0.13           0.15           Beat
 Mar. 31 2024      0.13           0.15           Beat
 Dec. 31 2023      0.11           0.13           Beat
 Sep. 30 2023      0.09           0.10           Beat