Avidxchange Holdings Inc expected to post earnings of 1 cent a share - Earnings Preview

AvidXchange Holdings

26/02/2024 14:01

* Avidxchange Holdings Inc  AVDX.OQ   AVDX.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Charlotte North Carolina-based  company is expected to
report a 14.4% increase in revenue to $98.617 million from
$86.18 million a year ago, according to the mean estimate from
12 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Avidxchange Holdings Inc
is
for earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"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 $13.50​, above​ its last closing price
of $12.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.00        -0.02      0.03      Beat    225
 Jun. 30 2023  -0.03       -0.04      0.00      Beat    95.2
 Mar. 31 2023  -0.05       -0.06      -0.02     Beat    69.9​
 Dec. 31 2022  -0.08       -0.09      -0.04     Beat    54.6
 ​​Sep.        -0.10       -0.11      -0.06     Beat    46
 30 2022                                                
 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. 31 2021  -0.18       -0.19      -0.10     Beat    46.2
 This summary was machine generated February 26 at 14:00 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)