National Bank Financial Brokers Reduce Earnings Estimates for Coveo Solutions Inc. (TSE:CVO)

Coveo Solutions Inc. (TSE:CVO) – Equities researchers at National Bank Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Coveo Solutions in a note issued to investors on Wednesday, August 7th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of ($0.06) per share for the year, down from their previous estimate of ($0.04). The consensus estimate for Coveo Solutions’ current full-year earnings is ($0.21) per share.

Other research analysts have also recently issued reports about the company. Scotiabank lowered their target price on Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Canaccord Genuity Group lowered their price objective on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Stifel Nicolaus lowered their price objective on Coveo Solutions from C$12.00 to C$10.00 in a research report on Thursday, August 8th. Eight Capital lowered their price objective on Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Finally, BMO Capital Markets lowered their price objective on Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$10.94.

Coveo Solutions Price Performance

CVO stock opened at C$6.45 on Monday. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05. The company has a market capitalization of C$347.20 million, a PE ratio of -21.50, a P/E/G ratio of 0.09 and a beta of 0.77. Coveo Solutions has a 12-month low of C$5.73 and a 12-month high of C$12.48. The business’s fifty day moving average price is C$7.17 and its 200 day moving average price is C$8.77.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings data on Wednesday, August 7th. 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 firm had revenue of C$44.08 million during the quarter, compared to analysts’ expectations of C$43.87 million. Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%.

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.