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

• 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)