![]() ![]() This represents a +116.05% increase from the last price of $3.24. On May 3, 2023, Vimeo Inc (VMEO) stock had a median target of $7.00, with a high estimate of $7.00 and a low estimate of $5.00, according to the 5 analysts offering 12-month price forecasts for the company. Vimeo Inc Stock Forecast: Analysts Predict +116.05% Increase in Median Target Investors should monitor the company’s upcoming earnings report to see if the company can turn its financials around. Analysts are forecasting an EPS of -$0.14 for the quarter. The company is set to report its next earnings on May 4, 2023. VMEO’s P/E ratio is not available, but the company’s price/sales ratio is 1.28, and its price/book ratio is 1.55. The company’s net profit margin was -18.38%. On the other hand, VMEO has experienced positive revenue growth of 10.56% in the last year. However, this year, earnings growth has rebounded to 14.32%. In the last year, VMEO experienced a decline of 55.15% in earnings growth. ![]() The company’s earnings growth has been volatile in recent years. According to CNN Money, there were no competitors’ data available for the company. VMEO is a technology services company that operates in the internet software/services industry. The day’s range was between 3.20 and 3.31, with a volume of 106,453 shares traded. On May 3, 2023, VMEO stock opened at 3.25, slightly lower than its previous close of 3.27. VMEO Stock: Analysis of Earnings, Revenue Growth, and Market Cap The outlook for Q2 and full-year 2023 suggests that Vimeo will continue to face challenges, but it remains focused on its goals. Despite this, the company remains committed to delivering positive Adjusted EBITDA and saw growth in Vimeo Enterprise Bookings. While Vimeo has previously exceeded EPS estimates by $0.12, leading to a 6.98% increase in share price the following day, this quarter saw a significant miss in estimated earnings. However, the company reaffirmed its expectation for positive Adjusted EBITDA. For the full year, Vimeo expects a mid-single-digit percent decline in revenue, with a projected GAAP operating loss between $50 million and $45 million. Looking ahead to Q2 2023, Vimeo predicts a revenue of approximately $100 million, a GAAP operating loss of approximately $17 million, and an Adjusted EBITDA at or above breakeven. The company also recorded a positive Adjusted EBITDA for the third consecutive quarter. Despite these setbacks, Vimeo Enterprise Bookings saw a 62% year-over-year growth, and the net loss narrowed to $0.7 million. ![]() Additionally, revenue decreased by $4.77 million compared to the same period last year. The company’s earnings per share (EPS) of $0.0 fell short of the estimated EPS of $-0.14 by 100%. On May 3, 2023, Vimeo (NASDAQ: VMEO) released its Q1 earnings report. ![]()
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