Avid Technology Inc expected to post earnings of 25 cents a share - Earnings Preview

Avid Technology

23/10/2021 02:42

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show a
rise in quarterly revenue when it reports results on October 26
(estimated). 
* The Burlington, Massachusetts-based company is expected to
report  a 6.9% increase in revenue to $96.694 million from
$90.43 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 25 cents per share. For the same quarter last
year, the company reported earnings of 27 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 $45​, about 35.7% above​ its last closing price
of $28.93. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.23        0.23       0.25      Beat    9.9
 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.          -0.03​      -0.02      0.12      Beat    635.7​
 30​ 2020​                                              
 Mar. 31 2020  -0.05       -0.01      -0.08     Missed  -515.4
                                                        ​
 Dec. 31 2019  0.32        0.30       0.28      Missed  -7.4
 Sep. 30 2019  0.07        0.09       0.10      Beat    7.1
 This summary was machine generated October 23 at 01:42 GMT.  All
figures in US dollars unless otherwise stated