Vimeo (NASDAQ:VMEO) Releases Earnings Results, Beats Expectations By $0.05 EPS

Vimeo (NASDAQ:VMEO) issued its quarterly earnings data on Monday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business had revenue of $104.91 million during the quarter, compared to analysts’ expectations of $100.40 million. Vimeo’s revenue was up 1.3% compared to the same quarter last year. Vimeo updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.

Vimeo Stock Performance

Shares of NASDAQ:VMEO traded up $0.03 on Wednesday, hitting $3.95. The stock had a trading volume of 225,925 shares, compared to its average volume of 2,767,031. Vimeo has a twelve month low of $3.02 and a twelve month high of $5.77. The firm’s 50 day moving average price is $4.26 and its 200-day moving average price is $3.92. The company has a market capitalization of $663.76 million, a price-to-earnings ratio of 30.16 and a beta of 2.02.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and issued a $4.50 price target (up previously from $4.00) on shares of Vimeo in a report on Tuesday.

Vimeo Company Profile

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.