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

AvidXchange Holdings

07/03/2022 22:02

* Avidxchange Holdings Inc  AVDX.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in December.
The mean expectation of nine analysts for the quarter was for a
loss of 19 cents per share.
    * Revenue was $69.27 million​;  analysts expected $65.68
million. 
    * Avidxchange Holdings Inc's reported EPS for the quarter
was a
loss of 47 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Avidxchange Holdings Inc shares had fallen by 41.9% this
quarter.
    * The company reported a quarterly loss of $82.32 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $24.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 7 at 10:02 p.m.  ​All
figures in US dollars unless otherwise stated