Avid Technology Inc reports results for the quarter ended in March - Earnings Summary

Avid Technology

05/05/2022 17:19

* Avid Technology Inc  AVID.OQ  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue rose 6.7% to $100.65 million from a year ago; 
analysts
expected $103.05 million. 
    * Avid Technology Inc's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Avid Technology Inc shares had fallen by 7.6% this
quarter and
lost 1.1% so far this year.
    * The company reported quarterly net income of $10.59
million.
    * Wall Street's median 12-month price target for Avid
Technology
Inc is $43.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 04:19 p.m.  ​All
figures in US dollars unless otherwise stated