Vasta Platform (NASDAQ:VSTA) Posts Quarterly Earnings Results

Key Points

• Vasta Platform reported a quarterly loss of ($0.06) EPS, falling short of the consensus estimate of $0.03 by $0.09.
• The company's revenue was $63.28 million, significantly below analysts' expectations of $434.00 million.
• Morgan Stanley has restated an "underweight" rating on Vasta Platform shares following the earnings announcement.

Vasta Platform (NASDAQ:VSTA - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09), Zacks reports. The company had revenue of $63.28 million for the quarter, compared to analysts' expectations of $434.00 million. Vasta Platform had a return on equity of 1.20% and a net margin of 26.88%.

Vasta Platform Price Performance

VSTA traded up $0.01 during trading on Friday, reaching $4.24. The stock had a trading volume of 3,793 shares, compared to its average volume of 10,668. The stock has a market cap of $340.05 million, a PE ratio of 4.28, a PEG ratio of 0.30 and a beta of -0.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.19. Vasta Platform has a one year low of $1.60 and a one year high of $5.49. The business has a 50-day moving average of $4.19 and a 200-day moving average of $3.90.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "underweight" rating on shares of Vasta Platform in a research report on Wednesday.

Vasta Platform Company Profile

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.

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