Avidxchange Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

AvidXchange Holdings

26/02/2025 14:32

Avidxchange Holdings Inc AVDX.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 5 cents.  The mean expectation of sixteen analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

Revenue rose 10.9% to $115.44 million from a year ago; analysts expected $114.75 million.

Avidxchange Holdings Inc's reported EPS for the quarter was 2 cents​.

The company reported quarterly net income of $4.67 million.

Avidxchange Holdings Inc shares had fallen by 11.5% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell."

The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Avidxchange Holdings Inc is $11.00

This summary was machine generated from LSEG data February 26 at 02:31 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
0.07
0.08
Beat
Sep. 30 2024
0.07
0.07
Met
Jun. 30 2024
0.04
0.05
Beat
Mar. 31 2024
0.03
0.05
Beat