Avid Technology Inc expected to post earnings of 21  cents a share - Earnings Preview

Avid Technology

03/05/2021 22:13

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show
a rise in quarterly revenue when it reports results on May 5.
* The Burlington, Massachusetts-based company is expected to
report  a 4.8% increase in revenue to $90.59 million from $86.45
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for Avid Technology Inc is
for earnings of 21 cents per share. For the same quarter last
year, the company reported a loss of 8 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Avid Technology
Inc is $29.5​, about 22.9% above​ its last closing price
of $22.74. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020              0.32       0.33      Beat    1.6
 Sep. 30 2020  0.13        0.14       0.27      Beat    99.7
 Jun. 30 2020  -0.03       -0.02      0.12      Beat    635.7​
 Mar. 31 2020  -0.05       -0.01      -0.08     Missed  -515.4
 Dec.          0.32​       0.30       0.28      Missed  -7.4​
 31​ 2019​                                              
 Sep. 30 2019  0.07        0.09       0.10      Beat    7.1​
 Jun. 30 2019  0.03        0.04       0.02      Missed  -43.3
 Mar. 31 2019  0.04        0.04       0.11      Beat    173.3
 This summary was machine generated May 3 at 21:13 GMT.  All
figures in US dollars unless otherwise stated