Vertex FY24 Outlook: Revenue $650M-$660M Vs. $638.18M Est., Adjusted EBITDA $130M-$135M
Portfolio Pulse from Benzinga Newsdesk
Vertex, Inc. (VERX) has provided its fiscal year 2024 outlook, projecting revenues to be between $650 million and $660 million, surpassing the estimated $638.18 million. The company also forecasts its adjusted EBITDA to be in the range of $130 million to $135 million.
February 29, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Vertex, Inc. (VERX) projects FY24 revenues to exceed estimates with an adjusted EBITDA of $130M-$135M.
Vertex, Inc.'s projection of higher-than-expected revenues for FY24 suggests a positive outlook for the company's financial performance. This surpasses analyst estimates, indicating strong business growth and operational efficiency. The forecasted increase in adjusted EBITDA further supports the company's profitability outlook. Given these factors, the news is likely to have a positive short-term impact on VERX's stock price, as it reflects better-than-anticipated financial health and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100