AvidXchange Holdings Inc (AVDX, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $110.83 million, and the earnings are expected to come in at $0 per share. The full year 2024's revenue is expected to be $437.22 million and the earnings are expected to be $0 per share. More detailed estimate data can be found on the Forecast page.
AvidXchange Holdings Inc (AVDX, Financial) Estimates Trends
Over the past 90 days, revenue estimates for AvidXchange Holdings Inc (AVDX) have seen a reduction, moving from $438.09 million to $437.22 million for the full year 2024, and from $489.65 million to $485.38 million for 2025. Earnings estimates have remained constant, with expectations flat at $0 per share for 2024 and at $0.08 per share for 2025.
AvidXchange Holdings Inc (AVDX, Financial) Reported History
In the previous quarter of 2024-06-30, AvidXchange Holdings Inc's (AVDX) actual revenue was $105.13 million, which missed analysts' revenue expectations of $106.91 million by -1.67%. AvidXchange Holdings Inc's (AVDX) actual earnings were -$0.01 per share, which beat analysts' earnings expectations of -$0.03 per share by 83.33%. After releasing the results, AvidXchange Holdings Inc (AVDX) was down by -29.72% in one day.
AvidXchange Holdings Inc (AVDX, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 15 analysts, the average target price for AvidXchange Holdings Inc (AVDX) is $10.47 with a high estimate of $15 and a low estimate of $7. The average target implies an upside of 24.9% from the current price of $8.38.
Based on GuruFocus estimates, the estimated GF Value for AvidXchange Holdings Inc (AVDX, Financial) in one year is $14.1, suggesting an upside of 68.26% from the current price of $8.38.
Based on the consensus recommendation from 16 brokerage firms, AvidXchange Holdings Inc's (AVDX, Financial) average brokerage recommendation is currently 2.6, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
