VERX Earnings Prediction
The chart below shows how VERX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VERX sees a -4.12% change in stock price 10 days leading up to the earnings, and a +1.80% change 10 days following the report. On the earnings day itself, the stock moves by +5.28%. This data can give you a slight idea of what to expect for the next quarter's release.
VERX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
170.44M
17.52%
5.79%
Gross Margin
61.79%
6.20%
2.12%
Operating Margin
2.93%
480.52%
-21.02%
Net Margin
4.24%
281.20%
32.09%
EPS
0.04
300.00%
33.33%
No Data Available
VERX Earnings Analysis
Vertex, Inc. Class A Common Stock Corporation (VERX.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue was $170.4 million in the third quarter, up 17.5% year-over-year.
Ecosio Revenue Contribution: Ecosio contributed $1 million of revenue during the quarter after it was acquired at the end of August.
EBITDA Growth Exceeds Guidance: Adjusted EBITDA was $38.6 million, an increase of $12 million or 45.1% year-over-year and exceeding the high end of our quarterly guidance by $3.6 million.
Free Cash Flow Quality: Free cash flow was $18.4 million in the third quarter, demonstrating the quality of our earnings.
Annual Recurring Revenue: Annual recurring revenue was $576.8 million at quarter end.
Negative
Quarterly Revenue Increase: Revenue was $170.4 million in the second quarter, up 17.5% year-over-year. Organic revenue was $169.4 million and revenue growth was 16.8%, exceeding the high end of our revenue guidance for the quarter.
EBITDA Growth Exceeds Guidance: Adjusted EBITDA was $38.6 million, an increase of $12 million or 45.1% year-over-year and exceeding the high end of our quarterly guidance by $3.6 million.
R&D Expense Decrease: Research and development expense was $12.9 million compared to $15.4 million last year.
Marketing Expense Increase: Selling and marketing expense was $38.5 million or 22.6% of total revenues, an increase of $7.5 million and approximately 24.1% from the prior year period.
Administrative Expense Increase: Our general and administrative expense was $35.8 million, up $4.9 million from last year.
VERX FAQs
How does VERX typically perform around its earnings report dates?
Is Vertex, Inc. (VERX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
VERX Earning Call Sentiment
Vertex, Inc. (VERX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
VERX.O
-6.53%Positive
The earnings call summary indicates strong financial performance with significant revenue growth, improved EBITDA, and robust customer metrics. The Q&A section highlights positive market strategy, especially with Oracle and SAP migrations and preparation for e-invoicing mandates in France and Germany. However, there are some uncertainties regarding SAP migration impacts. The acquisition of ecosio and AI capabilities further strengthens Vertex's offering. Overall, the positive guidance and strategic acquisitions suggest a positive stock price movement over the next two weeks.
