Avid Technology Inc expected to post earnings of 48  cents a share - Earnings Preview

Avid Technology

25/02/2023 01:33

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show
a
fall in quarterly revenue when it reports  results on February
27 (estimated). 
    * The Burlington Massachusetts-based  company is expected to
report  a 3.4% decrease in revenue to $115.018 million from
$119.06 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Avid Technology Inc
is
for earnings of 48 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 $32​, above​ its last closing price of $29.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.31        0.31       0.38      Beat    20.7
 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.        0.25        0.25       0.27      Beat    7.6
 30 2021                                                
 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
 This summary was machine generated February 25 at 01:33 GMT. 
All figures in US dollars  unless otherwise stated