Avantax Inc reports results for the quarter ended in June - Earnings Summary

Avantax

09/08/2023 22:43

* Avantax Inc  AVTA.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
14 cents per share.
    * Revenue fell 27.2% to $186.93 million from a year ago;
analysts
expected $188.87 million. 
    * Avantax Inc's reported EPS for the quarter was 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Avantax Inc shares had risen by 10.5% this quarter and
lost 3.2%
so far this year.
    * The company reported quarterly net income of $3.58
million.
    * Wall Street's median 12-month price target for Avantax Inc
is
$32.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.15           0.09           Missed
 Mar. 31 2023      0.16           -0.01          Missed
 Dec. 31 2022      -0.04          -0.03          Beat
 Sep. 30 2022      -0.19          -0.20          Missed