Vimeo (NASDAQ:VMEO) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Vimeo (NASDAQ:VMEO) posted its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. The company had revenue of $104.91 million during the quarter, compared to analyst estimates of $100.40 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The firm’s quarterly 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 Up 0.5 %

Vimeo stock opened at $3.94 on Thursday. The business’s 50-day moving average price is $4.25 and its 200 day moving average price is $3.92. The firm has a market cap of $662.08 million, a price-to-earnings ratio of 30.31 and a beta of 2.02. Vimeo has a 52 week low of $3.02 and a 52 week high of $5.77.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and set a $4.50 target price (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.