Stifel Canada Lowers Earnings Forecast for Coveo Solutions

Coveo Solutions Inc. (TSE:CVO – Free Report) has recently seen a downward adjustment in its earnings forecast. On February 11th, analysts at Stifel Canada released a research note informing investors that their estimates for FY2025 earnings per share (EPS) have been lowered. Analyst S. Sukumar now projects that Coveo will report an EPS of ($0.01) for the fiscal year, a decrease from their earlier expectation of $0.03.

The current consensus among analysts for Coveo Solutions’ full-year earnings indicates an EPS of ($0.21). In a separate update, Stifel Nicolaus raised its price target for Coveo Solutions stock from C$10.00 to C$11.00 as of Wednesday. Notably, eight investment analysts have given the stock a buy rating. According to data from MarketBeat.com, the average rating for Coveo Solutions shares is “Buy,” with a consensus price target of C$11.06.

Coveo Solutions Stock Overview

As of Thursday, shares of Coveo opened at C$7.50. The company boasts a market capitalization of C$503.94 million, with a P/E ratio of -46.26 and a price-to-earnings-growth ratio of 0.09, alongside a beta of 0.75. Financial ratios reveal a quick ratio of 3.14, a current ratio of 1.85, and a high debt-to-equity ratio of 5.36. Coveo’s 50-day moving average stands at C$6.46, while the 200-day moving average is at C$6.32. Over the past year, the stock has fluctuated, reaching a low of C$5.07 and a high of C$11.80.

About Coveo Solutions Inc.

Coveo Solutions Inc. specializes in providing AI-driven platforms designed to create individualized and connected digital experiences. Their Relevance Cloud platform offers an integrated AI solution that encompasses AI search, recommendations, generative AI (GenAI) answering, AI models, and analytics, tailored for varying digital infrastructures. The platform is cloud-native, multi-tenant, API-first, and adaptable to enterprise ecosystems, emphasizing security and compliance.

Coveo, Earnings, Forecast