Avidxchange Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

• Avidxchange Holdings Inc AVDX.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 5 cents to 9 cents per share.

• Revenue rose 14.3% to $112.77 million from a year ago; analysts expected $110.83 million.

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

• The company reported quarterly net income of $4.05 million.

• Avidxchange Holdings Inc shares had risen by 4.8% this quarter and lost 31.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% 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 6 "strong buy" or "buy," 8 "hold" and 2 "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 10.00

This summary was machine generated from LSEG data November 6 at 04:13 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)