Stifel Canada Forecasts Reduced Earnings for Coveo Solutions

Coveo Solutions Inc. (TSE:CVO) – Equities researchers at Stifel Canada cut their FY2026 earnings per share (EPS) 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.

Coveo Solutions (TSE:CVO) last posted 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 return on equity of 13.95% and a negative net margin of 17.81%. The company had revenue of C$44.08 million for the quarter, compared to analysts’ expectations of C$43.87 million.

Several other research analysts have also commented on CVO. Stifel Nicolaus reduced their price target on Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Canaccord Genuity Group cut 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. TD Securities cut 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 Thursday, August 8th. Royal Bank of Canada cut their price objective on Coveo Solutions from C$13.00 to C$11.00 in a research report on Thursday, August 8th. Finally, BMO Capital Markets dropped their target price on Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$10.94.

Coveo Solutions Stock Down 0.2 %

TSE CVO opened at C$5.25 on Wednesday. Coveo Solutions has a 52 week low of C$5.22 and a 52 week high of C$12.48. The company has a quick ratio of 3.14, a current ratio of 1.71 and a debt-to-equity ratio of 6.05. The business’s fifty day simple moving average is C$5.94 and its 200-day simple moving average is C$7.08. The firm has a market cap of C$282.61 million, a PE ratio of -17.57, a P/E/G ratio of 0.09 and a beta of 0.75.

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.