Avidxchange Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

AvidXchange Holdings

07/05/2025 14:32

Avidxchange Holdings Inc AVDX.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended March 31, identical to the same quarter last year.  The mean expectation of sixteen analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 4 cents to 6 cents per share.

Revenue rose 2.2% to $107.94 million from a year ago; analysts expected $109.58 million.

Avidxchange Holdings Inc's reported EPS for the quarter was a loss of 4 cents​.

The company reported a quarterly loss of $7.31 million.

Avidxchange Holdings Inc shares had fallen by 3.3% this quarter and lost 20.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 26.7% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

Wall Street's median 12-month price target for Avidxchange Holdings Inc is $9.00

This summary was machine generated from LSEG data May 7 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.06
0.05
Missed
Dec. 31 2024
0.07
0.08
Beat
Sep. 30 2024
0.07
0.07
Met
Jun. 30 2024
0.04
0.05
Beat