Avantax Inc expected to post earnings of 18  cents a share - Earnings Preview

Avantax

06/05/2023 03:03

* Avantax Inc  AVTA.OQ   AVTA.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 8. 
    * The Dallas Texas-based  company is expected to report  a
40.5% decrease in revenue to $183.084 million from $307.55
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Avantax Inc is for
earnings of 18 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Avantax Inc
is
$33​, above​ its last closing price of $24.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.05       -0.04      -0.03     Beat    30.8
 Sep. 30 2022  -0.20       -0.19      -0.20     Missed  -7.1
 Jun. 30 2022  1.05        1.04       0.99      Missed  -4.8​
 Mar. 31 2022  1.28        1.28       1.06      Missed  -16.9
 ​​Dec.        -0.44       -0.45      -0.29     Beat    35.1
 31 2021                                                
 Sep. 30 2021  -0.37       -0.37      -0.26     Beat    29.1​
 Jun. 30 2021  1.14        1.14       1.28      Beat    12.3
 Mar. 31 2021  0.96        0.96       1.04      Beat    8.3
 This summary was machine generated May 6 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated