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

AvidXchange Holdings

05/05/2022 23:21

* Avidxchange Holdings Inc  AVDX.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in March. The
mean expectation of eleven analysts for the quarter was for a
loss of 17 cents per share.
    * Revenue was $71.20 million​;  analysts expected $67.97
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 2.9%
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 5.3% this
quarter and lost 43.7% so far this year.
    * The company reported a quarterly loss of $25.15 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $14.50 
    * 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 May 5 at 10:21 p.m.  ​All
figures in US dollars unless otherwise stated