Research Analysts Offer Predictions for Coveo Solutions Inc.’s Q4 2024 Earnings (TSE:CVO)

Coveo Solutions Inc. (TSE:CVO) – Analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of Coveo Solutions in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse forecasts that the company will post earnings of ($0.03) per share for the quarter. The consensus estimate for Coveo Solutions’ current full-year earnings is ($0.21) per share.

Coveo Solutions (TSE:CVO) last released its quarterly earnings data on Monday, February 5th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.04). The company had revenue of C$43.24 million during the quarter, compared to analysts’ expectations of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%.

Several other equities research analysts have also recently issued reports on the stock. Eight Capital boosted their price objective on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Scotiabank boosted their price objective on shares of Coveo Solutions from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Stifel Nicolaus boosted their price objective on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, TD Securities boosted their price target on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coveo Solutions currently has a consensus rating of “Buy” and an average price target of C$13.75.

Coveo Solutions Price Performance

Coveo Solutions stock opened at C$9.11 on Monday. The stock has a market cap of C$485.75 million, a price-to-earnings ratio of -23.36, a price-to-earnings-growth ratio of 0.09 and a beta of 1.05. The company has a debt-to-equity ratio of 5.37, a current ratio of 2.44 and a quick ratio of 3.14. Coveo Solutions has a 1 year low of C$6.02 and a 1 year high of C$12.48. The firm has a 50-day moving average of C$10.25 and a two-hundred day moving average of C$10.12.

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.