Avidxchange Holdings Inc expected to post a loss of 5 cents a share - Earnings Preview

AvidXchange Holdings

01/05/2023 19:33

* Avidxchange Holdings Inc  AVDX.OQ   AVDX.O  is expected
to show
a rise in quarterly revenue when it reports  results on May 3. 
    * The Charlotte North Carolina-based  company is expected to
report  a 16.1% increase in revenue to $82.691 million from
$71.2 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Avidxchange
Holdings Inc
is for a loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $10.5​, above​ its last closing price of $7.43.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  -0.17       -0.17      -0.07     Beat    59.1
 ​​Dec.        -0.18       -0.19      -0.10     Beat    46.2
 31 2021                                                
                                                        ​
 This summary was machine generated May 1 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated