Coveo Solutions (CVO) Set to Announce Earnings on Monday

Coveo Solutions (TSE:CVO) will be posting its quarterly earnings results after the market closes on Monday, November 4th.

Coveo Solutions (TSE:CVO) last posted its earnings results on Wednesday, August 7th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. The company had revenue of C$44.08 million during the quarter, compared to the consensus estimate of C$43.87 million.

Coveo Solutions Price Performance

TSE CVO opened at C$5.22 on Friday. The company has a 50-day moving average price of C$5.86 and a two-hundred day moving average price of C$6.99. The stock has a market cap of C$280.99 million, a price-to-earnings ratio of -17.50, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05. Coveo Solutions has a 52 week low of C$5.07 and a 52 week high of C$12.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CVO shares. TD Securities dropped their target price on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets lowered their price objective on shares of Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th. Canaccord Genuity Group reduced their target price on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, July 15th. Stifel Nicolaus lowered their price target on Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price target on Coveo Solutions from C$13.00 to C$11.00 in a research report on Thursday, August 8th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coveo Solutions presently has an average rating of “Buy” and a consensus target price of C$10.94.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.