Vertex Inc reports results for the quarter ended June 30 - Earnings Summary

• Vertex Inc VERX reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of fourteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 11 cents to 16 cents per share.

• Revenue rose 14.6% to $184.56 million from a year ago; analysts expected $184.60 million.

• Vertex Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $961 thousand.

• Vertex Inc shares had fallen by 6.4% this quarter and lost 38.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% 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 10 "strong buy" or "buy," 6 "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 $48.00, about 31.1% above its last closing price of $33.07

This summary was machine generated from LSEG data August 6 at 01:32 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)