CVT Stock - Cvent Holding Corp.
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $630.56M | $518.81M | $498.70M | $567.60M | $480.01M |
| Gross Profit | $382.70M | $327.36M | $322.45M | $355.75M | $314.83M |
| Gross Margin | 60.7% | 63.1% | 64.7% | 62.7% | 65.6% |
| Operating Income | $-75,812,000 | $-42,803,000 | $-30,677,000 | $-49,899,000 | $-26,793,000 |
| Net Income | $-100,270,000 | $-86,079,000 | $-83,733,000 | $-91,761,000 | $-54,040,000 |
| Net Margin | -15.9% | -16.6% | -16.8% | -16.2% | -11.3% |
| EPS | $-0.21 | $-0.20 | $-0.17 | $-0.19 | $-0.11 |
Cvent Holding Corp. provides a cloud-based enterprise event marketing, management, and hospitality platform for meetings and events value ecosystem in North America and internationally. The company's Event Cloud solutions consists of event marketing and management services that enables marketers and planners to maximize engagement and ROI from their virtual in-person or hybrid events. Its Hospitality Cloud solutions provides hotels, venues, and destinations with online marketing solutions for marketing their events business to planners; and software solutions that automate the events sales cycle and enhancing collaboration with planners to design and manage events. In addition, company provides hospitality cloud online marketing solutions, which enables suppliers to advertise and market on venue sourcing networks, including CSN, Cvent SpeedRFP, and Cvent Wedding Spot; hospitality cloud software solutions, such as hotels, destinations, and venues software solutions to automate and enhance how they sell and execute events; and network effect. The company sells its platform primarily through a direct inside sales team. Cvent Holding Corp. was founded in 1999 and is headquartered in Tysons, Virginia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 23rd 2022 | Credit Suisse | Initiation | Outperform | $8 |
| June 17th 2022 | Morgan Stanley | Initiation | Equal Weight | $5.5 |
Earnings History & Surprises
CVTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2023 | Aug 3, 2023 | $0.05 | $-0.06 | -220.0% | ✗ MISS |
Q2 2023 | May 8, 2023 | $0.01 | $0.02 | +97.8% | ✓ BEAT |
Q1 2023 | Mar 14, 2023 | $0.07 | $-0.02 | -128.6% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $0.01 | $0.01 | +63.7% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $-0.03 | $-0.06 | -74.4% | ✗ MISS |
Q2 2022 | May 9, 2022 | $-0.00 | $-0.01 | -108.3% | ✗ MISS |
Q1 2022 | Mar 3, 2022 | $-0.01 | $-0.03 | -140.0% | ✗ MISS |
Q3 2021 | Sep 30, 2021 | — | $-0.05 | — | — |
Q2 2021 | Jun 30, 2021 | — | $-0.05 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.03 | — | — |
Q4 2020 | Dec 31, 2020 | — | $-0.03 | — | — |
Q3 2020 | Sep 30, 2020 | — | $-0.03 | — | — |
Q2 2020 | Jun 30, 2020 | — | $-0.06 | — | — |
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