Vimeo, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
The stock price of Vimeo, Inc. (NASDAQ:VMEO) has taken a significant hit after the company's yearly report, with revenues in line but statutory earnings per share coming in below expectations. The analysts have updated their models to reflect this change, with a modest 2.1% improvement in revenue forecast for next year and a sharp decline in statutory earnings per share. However, despite the reduced growth estimates, the consensus price target remains steady at US$8.00.
- The unexpected downbeat revision of earnings forecasts highlights the challenges facing Vimeo's business model, which may require significant adjustments to remain competitive in the industry.
- Can Vimeo's management team successfully turn around the company's fortunes by implementing cost-cutting measures and focusing on high-growth areas such as subscription services?