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

AvidXchange Holdings

04/08/2022 01:53

* Avidxchange Holdings Inc  AVDX.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in June. The
mean expectation of eleven analysts for the quarter was for a
loss of 13 cents per share.
    * Revenue was $76.56 million​; analysts expected $72.44
million. 
    * Avidxchange Holdings Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The mean earnings estimate of analysts had risen by
about 24.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Avidxchange Holdings Inc shares had risen by 17.9% this
quarter and lost 51.9% so far this year.
    * The company reported a quarterly loss of $25.74 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 4
at 12:53 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.13          -0.07          Beat
 Mar. 31 2022      -0.17          -0.07          Beat
 Dec. 31 2021      -0.19          -0.10          Beat