Vertex Inc reports results for the quarter ended March 31 - Earnings Summary

• Vertex Inc VERX.OQ reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 12 cents to 16 cents per share.

• Revenue rose 12.9% to $177.06 million from a year ago; analysts expected $176.97 million.

• Vertex Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $11.13 million.

• Vertex Inc shares had risen by 10.5% this quarter and lost 27.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 5 "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 $46.50

This summary was machine generated from LSEG data May 7 at 01:31 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)