For the quarter ended September 2024, AvidXchange Holdings, Inc. (AVDX) reported income of $112.77 million, up 14.3% over the identical interval final 12 months. EPS got here in at $0.07, in comparison with $0.03 within the year-ago quarter.
The reported income represents a shock of +1.70% over the Zacks Consensus Estimate of $110.89 million. With the consensus EPS estimate being $0.07, the corporate has not delivered EPS shock.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s worth efficiency extra precisely.
Right here is how AvidXchange carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Transaction Yield: $5.59 versus $5.57 estimated by two analysts on common.
- Transactions Processed: 20.2 million versus 20.02 million estimated by two analysts on common.
- Whole Fee Quantity: $21.50 billion versus $21.43 billion estimated by two analysts on common.
- Revenues- Fee: $80.70 million versus $77.25 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +17.8% change.
- Revenues- Software program: $30.66 million in comparison with the $31.20 million common estimate based mostly on two analysts. The reported quantity represents a change of +6% 12 months over 12 months.
- Revenues- Providers: $1.41 million in comparison with the $1.29 million common estimate based mostly on two analysts. The reported quantity represents a change of +10.6% 12 months over 12 months.
View all Key Company Metrics for AvidXchange here>>>
Shares of AvidXchange have returned +9.7% over the previous month versus the Zacks S&P 500 composite’s +0.7% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report
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