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

AvidXchange Holdings

03/05/2023 14:31

* Avidxchange Holdings Inc  AVDX.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in March. The
mean expectation of ten analysts for the quarter was for a loss
of 5 cents per share.
    * Revenue rose 21.9% to $86.82 million from a year ago;
analysts
expected $82.69 million. 
    * Avidxchange Holdings Inc's reported EPS for the quarter
was a
loss of 53 cents​.
    * The mean earnings estimate of analysts had risen by
about 40.5%
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 9.0% this
quarter and lost 28.6% so far this year.
    * The company reported a quarterly loss of $15.99 million.
    * Wall Street's median 12-month price target for Avidxchange
Holdings Inc is $10.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.05          -0.08          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