National Bank Financial Weighs in on Coveo Solutions Inc.’s Q4 2024 Earnings (TSE:CVO)

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

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

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

Coveo Solutions Trading Down 1.0 %

Shares of CVO opened at C$8.94 on Monday. Coveo Solutions has a twelve month low of C$6.02 and a twelve month high of C$12.48. The firm has a market capitalization of C$476.68 million, a P/E ratio of -22.92, a price-to-earnings-growth ratio of 0.09 and a beta of 1.05. The company has a current ratio of 2.44, a quick ratio of 3.14 and a debt-to-equity ratio of 5.37. The stock’s fifty day simple moving average is C$10.33 and its 200 day simple moving average is C$10.14.

Coveo Solutions Company Profile

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.