Stifel Canada Reduces Earnings Estimates for Coveo Solutions

Coveo Solutions Inc. (TSE:CVO - Free Report) - Investment analysts at Stifel Canada dropped their FY2026 earnings per share estimates for shares of Coveo Solutions in a research note issued to investors on Sunday, October 27th. Stifel Canada analyst S. Sukumar now forecasts that the company will post earnings of $0.23 per share for the year, down from their previous forecast of $0.24. The consensus estimate for Coveo Solutions' current full-year earnings is ($0.21) per share.

Several other research analysts also recently weighed in on the stock. TD Securities cut their target price on shares of Coveo Solutions from C$12.00 to C$11.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets lowered their target price on shares of Coveo Solutions from C$10.50 to C$10.00 in a research note on Thursday, August 8th. Canaccord Genuity Group reduced their price target on Coveo Solutions from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. Royal Bank of Canada lowered their price objective on Coveo Solutions from C$13.00 to C$11.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus reduced their target price on Coveo Solutions from C$12.00 to C$10.00 in a research report on Thursday, August 8th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions currently has an average rating of "Buy" and an average target price of C$10.94.

Coveo Solutions Price Performance

Coveo Solutions stock remained flat at C$5.25 during mid-day trading on Wednesday. The company's stock had a trading volume of 251,398 shares, compared to its average volume of 122,348. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.71 and a quick ratio of 3.14. Coveo Solutions has a one year low of C$5.20 and a one year high of C$12.48. The firm has a 50-day moving average price of C$5.91 and a 200 day moving average price of C$7.05. The firm has a market cap of C$282.61 million, a P/E ratio of -17.50, a P/E/G ratio of 0.09 and a beta of 0.75.

Coveo Solutions (TSE:CVO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. The business had revenue of C$44.08 million during the quarter, compared to analyst estimates of C$43.87 million.

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.