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

• Avidxchange Holdings Inc AVDX.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

• Revenue rose 10.9% to $115.44 million from a year ago; analysts expected $114.75 million.

• Avidxchange Holdings Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $4.67 million.

• Avidxchange Holdings Inc shares had fallen by 11.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Avidxchange Holdings Inc is $11.00

This summary was machine generated from LSEG data February 26 at 02:31 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)