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

Avantax

08/05/2023 23:26

* Avantax Inc  AVTA.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
18 cents per share.
    * Revenue fell 42.1% to $177.98 million from a year ago;
analysts
expected $183.08 million. 
    * Avantax Inc's reported EPS for the quarter was 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 79.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Avantax Inc shares had fallen by 8.4% this quarter and
lost 5.6%
so far this year.
    * The company reported quarterly net income of $1.67
million.
    * Wall Street's median 12-month price target for Avantax Inc
is
$33.00 
    * 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 May
8 at 10:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.18           -0.01          Missed
 Dec. 31 2022      -0.04          -0.03          Beat
 Sep. 30 2022      -0.19          -0.20          Missed
 Jun. 30 2022      1.04           0.99           Missed