Avid Technology Inc expected to post earnings of 31cents a share - Earnings Preview

Avid Technology

04/11/2022 22:59

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show
a
rise in quarterly revenue when it reports  results on November
8. 
    * The Burlington Massachusetts-based  company is expected to
report  a 3.8% increase in revenue to $105.456 million from
$101.64 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. The company's guidance on
August 2 2022, for the period ended September 30, was for
revenue between $100.00 million and $112.00 million.
    * ​Refinitiv's mean analyst estimate for Avid Technology Inc
is
for earnings of 31 cents per share. The company's EPS guidance
on August 2 2022, for the period ended September 30, was between
USD0.27 and USD0.39 
    * 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 $33.5​, above​ its last closing price of $24.49. ​​​

The company's guidance on August 2 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD100 million and
USD23.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.25        0.25       0.26      Beat    3.4
 Mar. 31 2022  0.34        0.34       0.33      Missed  -2.4
 Dec. 31 2021  0.42        0.42       0.46      Beat    10.6​
 Sep. 30 2021  0.25        0.25       0.27      Beat    7.6
 ​​Jun.        0.23        0.23       0.25      Beat    9.9
 30 2021                                                
 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
 This summary was machine generated November 4 at 22:59 GMT.  All
figures in US dollars  unless otherwise stated