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

Avid Technology

30/07/2022 24:02

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show
a
rise in quarterly revenue when it reports  results on August 2. 
    * The Burlington Massachusetts-based  company is expected to
report  a 1.5% increase in revenue to $96.297 million from
$94.88 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 25 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $33​, above​ its last closing price of $28.06. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.34        0.34       0.33      Missed  -2.4
 Dec. 31 2022  0.42        0.42       0.46      Beat    10.6
 Sep. 30 2021  0.25        0.25       0.27      Beat    7.6​
 Jun. 30 2021  0.23        0.23       0.25      Beat    9.9
 ​​Mar.        0.21        0.21       0.28      Beat    36.1
 31 2021                                                
 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
 This summary was machine generated July 29 at 23:02 GMT.  All
figures in US dollars  unless otherwise stated