Vertex Analysts Increase Their Forecasts Following Strong Q3 Results
Vertex Analysts Increase Their Forecasts Following Strong Q3 Results
Vertex said it now sees FY24 revenue of $663.3 million to $666.3 million, versus previous forecast of $654 million to $660 million.Vertex, Inc. (NASDAQ:VERX) reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance on Wednesday.
Vertex公司（納斯達克：VERX）週三報告了好於預期的第三季度財務業績，並提高了其FY24營業收入指引。
Vertex posted adjusted earnings of 16 cents per share, beating market estimates of 14 cents per share. The company's quarterly sales came in at $170.435 million versus expectations of $165.705 million.
Vertex的調整後每股收益爲16美分，超出市場預期的每股14美分。公司季度銷售額爲17043.5萬美元，超出預期的16570.5萬美元。
"The third quarter of 2024 was another great quarter for Vertex", stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. "Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our high-quality earnings."
「2024年第三季度對Vertex來說是又一個出色的季度」，Vertex總裁、首席執行官兼董事長大衛·德斯特凡諾說道。「營收超出了我們季度指引的高端範圍，實現了中高位數的有機營收增長。我們再次取得了強勁的調整後EBITDA盈利。我們不僅從營運活動中實現了重要的現金流，還實現了自由現金流，展示了我們高質量的盈利能力。」
Vertex said it now sees FY24 revenue of $663.3 million to $666.3 million, versus previous forecast of $654 million to $660 million.
Vertex表示，現在預計FY24營業收入爲66330萬至66630萬美元，而之前的預測爲65400萬至66000萬美元。
Vertex shares gained 3.4% to trade at $51.45 on Thursday.
週四，Vertex股價上漲了3.4%，報價51.45美元。
These analysts made changes to their price targets on Vertex following earnings announcement.
這些分析師根據業績公佈後對Vertex的目標價進行了調整。
- Needham analyst Joshua Reilly maintained Vertex with a Buy and raised the price target from $45 to $60.
- Goldman Sachs analyst Adam Hotchkiss maintained the stock with a Buy and raised the price target from $42 to $59.
- Baird analyst Rob Oliver maintained the stock with an Outperform and boosted the price target from $43 to $57.
- Needham分析師喬舒亞·瑞利重申了對Vertex的買入評級，並將目標價從45美元提高到60美元。
- 高盛分析師亞當·霍奇基斯保持了對該股的買入評級，並將目標價從42美元提高到59美元。
- Baird分析師Rob Oliver維持Outperform評級並將目標股價從43美元提高至57美元。
Considering buying VERX stock? Here's what analysts think:
考慮買入vertex股票嗎？以下是分析師的看法：
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譯文內容由第三人軟體翻譯。
