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

AvidXchange Holdings

01/03/2023 14:33

* Avidxchange Holdings Inc  AVDX.OQ  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in December.
The mean expectation of eleven analysts for the quarter was
for a loss of 9 cents per share.
    * Revenue rose 24.4% to $86.18 million from a year ago;
analysts
expected $85.26 million. 
    * Avidxchange Holdings Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 risen by 0.1% this
quarter.
    * The company reported a quarterly loss of $25.03 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $11.50 
    * 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." 

This summary was machine generated from Refinitiv data March 1
at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.09          -0.04          Beat
 Sep. 30 2022      -0.11          -0.06          Beat
 Jun. 30 2022      -0.13          -0.07          Beat
 Mar. 31 2022      -0.17          -0.07          Beat