Vertex, Inc.

VERX

US92538J1060

Software

Real-time Estimate Cboe BZX Other stock markets 03:47:58 2024-05-20 pm EDT			5-day change	1st Jan Change
32.97 ^USD	+1.04%		+3.83%	+22.17%

May. 08	Vertex Q1 Non-GAAP Earnings, Revenue Rise; Issues Q2, 2024 Revenue Guidance	MT
May. 08	Earnings Flash (VERX) VERTEX Posts Q1 Adjusted EPS $0.15	MT

Vertex, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 07:02 am EDT

Vertex, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 156.78 million compared to USD 132.75 million a year ago. Net income was USD 2.68 million compared to net loss of USD 18.13 million a year ago.

Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.

Latest news about Vertex, Inc.

Vertex Q1 Non-GAAP Earnings, Revenue Rise; Issues Q2, 2024 Revenue Guidance	May. 08	MT
Earnings Flash (VERX) VERTEX Posts Q1 Adjusted EPS $0.15	May. 08	MT
Earnings Flash (VERX) VERTEX Reports Q1 Revenue $156.8M	May. 08	MT
Transcript : Vertex, Inc., Q1 2024 Earnings Call, May 08, 2024	May. 08
Vertex, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 08	CI
Vertex, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2024	May. 08	CI
Vertex, Inc. Announces its Selection to Join Oracle ISV Accelerator for SaaS Initiative	Apr. 24	CI
Vertex Prices $300 Million Convertible Notes Offering	Apr. 24	MT
Citigroup Adjusts Price Target on Vertex to $32 From $34, Keeps Neutral Rating	Apr. 23	MT
BofA Securities Adjusts Vertex Price Target to $34 From $40, Maintains Neutral Rating	Apr. 23	MT
Vertex Expects Higher Q1 Revenue, Plans $250 Million Notes Offering	Apr. 22	MT
Vertex Insider Sold Shares Worth $471,569, According to a Recent SEC Filing	Mar. 12	MT
Vertex Insider Sold Shares Worth $954,541, According to a Recent SEC Filing	Mar. 12	MT
Vertex Insider Sold Shares Worth $76,508,231, According to a Recent SEC Filing	Mar. 05	MT
JMP Securities Raises Vertex Price Target to $42 From $31, Maintains Market Outperform Rating	Mar. 01	MT
Vertex Shifting Towards Balanced Growth, Profitability, BofA Says	Mar. 01	MT
BMO Capital Raises Vertex's Price Target to $35 From $30, Maintains Market Perform Rating	Mar. 01	MT
Goldman Sachs Raises Vertex's Price Target to $39 From $33, Keeps Buy Rating	Mar. 01	MT
Jefferies Raises Price Target on Vertex to $35 From $27, Keeps Hold Rating	Mar. 01	MT
BofA Securities Upgrades Vertex to Neutral From Underperform Citing Progress in Growth Initiatives, Raises Price Target to $40 From $23	Mar. 01	MT
Needham Raises Price Target on Vertex to $45 From $35, Maintains Buy Rating	Mar. 01	MT
Vertex, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Sector Update: Tech Stocks Gain Late Afternoon	Feb. 29	MT
Sector Update: Tech Stocks Gain Thursday Afternoon	Feb. 29	MT
Vertex Shares Surge After Higher Q4 Non-GAAP Earnings, Revenue; 2024 Guidance Issued	Feb. 29	MT

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Company Profile

Vertex, Inc. is a provider of enterprise tax technology solutions. The Company operates as a solution provider of state, local and value-added tax calculation, compliance and analytics, offering software products which are sold through software license and software as a service (cloud) subscription. The Company also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. The Company offers its services to customers located throughout the United States of America and internationally. It offers a range of solutions, including tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integrations, industry-specific solutions, implementation services, and managed services. The Company offers various managed services, including indirect tax return preparation, filing and tax payment and notice management.

Sector

Software

Calendar

2024-06-12 - Annual General Meeting

More about the company

Income Statement Evolution

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Ratings for Vertex, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

32.63 USD

Average target price

36.6 USD

Spread / Average Target

+12.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Software

Vertex, Inc.

Equities

VERX

US92538J1060

Software

Vertex, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions