Avidxchange Holdings Inc expected to post a loss of 4 cents a share - Earnings Preview

AvidXchange Holdings

31/07/2023 14:01

* Avidxchange Holdings Inc  AVDX.OQ   AVDX.O  is expected
to show
a rise in quarterly revenue when it reports  results on August
2. 
    * The Charlotte North Carolina-based  company is expected to
report  a 16.2% increase in revenue to $88.993 million from
$76.56 million a year ago, according to the mean estimate from
10 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Avidxchange
Holdings Inc
is for a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and 1 "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 Avidxchange
Holdings Inc is $14​, above​ its last closing price of $12.26.
​​​

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 2023  -0.05       -0.05      -0.02     Beat    65.4
 Dec. 31 2023  -0.08       -0.09      -0.04     Beat    54.6
 Sep. 30 2022  -0.10       -0.11      -0.06     Beat    46​
 Jun. 30 2022  -0.12       -0.13      -0.07     Beat    44.7
 ​​Mar.        -0.17       -0.17      -0.07     Beat    59.1
 31 2022                                                
 Dec. 31 2021  -0.18       -0.19      -0.10     Beat    46.2​
 This summary was machine generated July 31 at 13:01 GMT.  All
figures in US dollars  unless otherwise stated