Vimeo, Inc. (VMEO) Reports Q2 Loss, Tops Revenue Estimates – August 3, 2022 – Zacks

Vimeo, Inc. (VMEO – Free Report) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.07, delivering a surprise of 53.33%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Vimeo, Inc., which belongs to the Zacks Technology Services industry, posted revenues of $110.98 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.12%. This compares to year-ago revenues of $96.05 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.Vimeo, Inc. Shares have lost about 64.3% since the beginning of the year versus the S&P 500’s decline of -14.2%.What’s Next for Vimeo, Inc.While Vimeo, Inc. Has underperformed the market so…
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