In its upcoming report, AvidXchange Holdings, Inc. is predicted by Wall Street analysts to post quarterly earnings of $0.03 per share, reflecting an increase of 250% compared to the same period last year. Revenues are forecasted to be $101.33 million, representing a year-over-year increase of 16.7%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some AvidXchange metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenues- Payment' at $71.39 million. The estimate indicates a year-over-year change of +20.6%.
The consensus among analysts is that 'Revenues- Software' will reach $29.20 million. The estimate points to a change of +8.3% from the year-ago quarter.
Analysts predict that the 'Transactions Processed' will reach 19,411.05 thousand. The estimate is in contrast to the year-ago figure of 18,300 thousand.
According to the collective judgment of analysts, 'Total Payment Volume' should come in at $19.52 billion. Compared to the current estimate, the company reported $17.70 billion in the same quarter of the previous year.
View all Key Company Metrics for AvidXchange here>>>
Shares of AvidXchange have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), AVDX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Image: Bigstock
Ahead of AvidXchange (AVDX) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
In its upcoming report, AvidXchange Holdings, Inc. is predicted by Wall Street analysts to post quarterly earnings of $0.03 per share, reflecting an increase of 250% compared to the same period last year. Revenues are forecasted to be $101.33 million, representing a year-over-year increase of 16.7%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some AvidXchange metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenues- Payment' at $71.39 million. The estimate indicates a year-over-year change of +20.6%.
The consensus among analysts is that 'Revenues- Software' will reach $29.20 million. The estimate points to a change of +8.3% from the year-ago quarter.
Analysts predict that the 'Transactions Processed' will reach 19,411.05 thousand. The estimate is in contrast to the year-ago figure of 18,300 thousand.
According to the collective judgment of analysts, 'Total Payment Volume' should come in at $19.52 billion. Compared to the current estimate, the company reported $17.70 billion in the same quarter of the previous year.
View all Key Company Metrics for AvidXchange here>>>
Shares of AvidXchange have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), AVDX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>