Avid Technology Inc expected to post earnings of 23 cents a share - Earnings Preview

Avid Technology

31/07/2021 24:39

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show a
rise in quarterly revenue when it reports results on August 3. 
* The Burlington, Massachusetts-based company is expected to
report   a 15.5% increase in revenue to $91.541 million from
$79.28 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 23 cents per share. For the same quarter last
year, the company reported earnings of 12 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 $42.5​, about 12% above​ its last closing price
of $37.39. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.21        0.21       0.28      Beat    36.1
 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.          -0.05​      -0.01      -0.08     Missed  -515.4
 31​ 2020​                                              ​
 Dec. 31 2019  0.32        0.30       0.28      Missed  -7.4​
 Sep. 30 2019  0.07        0.09       0.10      Beat    7.1
 Jun. 30 2019  0.03        0.04       0.02      Missed  -43.3
 This summary was machine generated July 30 at 23:39 GMT.  All
figures in US dollars unless otherwise stated