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

AvidXchange Holdings

03/08/2023 18:06

* Avidxchange Holdings Inc  AVDX.OQ  reported quarterly
breakeven
results​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for a loss
of 4 cents per share.
    * Revenue rose 19.1% to $91.15 million from a year ago;
analysts
expected $88.99 million. 
    * Avidxchange Holdings Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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 6.9% this
quarter and gained 11.7% so far this year.
    * The company reported a quarterly loss of $18.77 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $14.00 
    * 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 LSEG Refinitiv data
August 3 at 05:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.04          0.00           Beat
 Mar. 31 2023      -0.05          -0.02          Beat
 Dec. 31 2022      -0.09          -0.04          Beat
 Sep. 30 2022      -0.11          -0.06          Beat