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

Vimeo (NASDAQ:VMEO) posted its earnings results on Monday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05, Briefing.com reports. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The firm had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo’s quarterly revenue was up 1.3% on a year-over-year basis. Vimeo updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $3.94 on Thursday. The stock 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 12 month low of $3.02 and a 12 month high of $5.77. The stock’s 50 day moving average price is $4.25 and its 200 day moving average price is $3.92.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated a “neutral” rating and set a $4.50 price objective (up from $4.00) on shares of Vimeo in a research note on Tuesday.

About Vimeo

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.