Avid Technology Inc expected to post earnings of 53  cents a share - Earnings Preview

Avid Technology

03/11/2023 11:03

* Avid Technology Inc  AVID.OQ   AVID.O  is expected to show
a
rise in quarterly revenue when it reports  results 
    * The Burlington Massachusetts-based  company is expected to
report  a 13.3% increase in revenue to $116.677 million from
$102.99 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Avid Technology Inc
is
for earnings of 53 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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 $27.05​, above​ its last closing price of $27.00. ​​​

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 2023  0.18        0.21       0.22      Beat    6.7
 Mar. 31 2023  0.25        0.25       0.15      Missed  -40
 Dec. 31 2022  0.48        0.48       0.45      Missed  -5.7​
 Sep. 30 2022  0.31        0.31       0.38      Beat    20.7
 ​​Jun.        0.25        0.25       0.26      Beat    3.4
 30 2022                                                
 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
 This summary was machine generated November 3 at 11:03 GMT.  All
figures in US dollars  unless otherwise stated