AvidXchange (AVDX) is slated to release its fourth-quarter 2023 results on Feb 28.For the fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $98.64 million, suggesting an increase of 14.45% from the figure reported in the year-ago quarter.The consensus mark for earnings per share is pegged at breakeven, which has remained unchanged in the past 30 days.AvidXchange’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 95.56%.Let’s see ho ...

Core Insights - AvidXchange Holdings, Inc. (AVDX) is expected to report break-even quarterly earnings per share, reflecting a year-over-year increase of 100% [1] - Anticipated revenues for the upcoming quarter are projected to be $98.64 million, representing a 14.5% increase compared to the same quarter last year [1] Revenue Estimates - Analysts forecast 'Revenues- Payment' to reach $68.62 million, indicating a year-over-year change of +16% [2] - 'Revenues- Software' is expected to be $29.18 million, showing a significant change of +78% from the year-ago quarter [2] Transaction Metrics - The average prediction for 'Transactions Processed' is 19,173.75 thousand, compared to 18,000 thousand in the previous year [3] - Analysts project 'Total Payment Volume' to reach $19.69 billion, up from $18.30 billion reported in the same quarter last year [3] Stock Performance - AvidXchange Holdings, Inc. shares have increased by +11.4% over the past month, outperforming the +5% move of the Zacks S&P 500 composite [3] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [3]

AvidXchange Holdings, Inc. (AVDX) closed the most recent trading day at $12.13, moving -1.14% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw a decrease of 0.92%.Shares of the company witnessed a gain of 11.34% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.1% and the S&P 500's gain of 3.56%.The upcoming earni ...

AvidXchange Holdings, Inc. (AVDX) ended the recent trading session at $12.24, demonstrating a -0.24% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.3%.Shares of the company have appreciated by 8.49% over the course of the past month, underperforming the Computer and Technology sector's gain of 11.35% and outperforming the S&P 500's gain of 5.78%.Analysts and in ...

The most recent trading session ended with AvidXchange Holdings, Inc. (AVDX) standing at $11.28, reflecting a -0.35% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.32%. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.2%.Prior to today's trading, shares of the company had gained 0.09% over the past month. This has lagged the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59% in that time.Analy ...

AvidXchange Holdings, Inc. (AVDX) closed at $11.26 in the latest trading session, marking a -1.57% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.Shares of the company have depreciated by 7.67% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.Investors will be eagerly watching for the performa ...

MSCI Inc.'s (MSCI) fourth-quarter 2023 adjusted earnings of $3.68 per share beat the Zacks Consensus Estimate by 11.85% and jumped 29.6% year over year.Revenues increased 19.8% year over year to $690.1 million and beat the consensus mark by 5.04%. Organic revenues increased 14.7% year over year.Recurring subscriptions of $505.4 million increased 16.8% year over year and accounted for 73.2% of revenues.Asset-based fees of $145.1 million increased 15.9% year over year and contributed 21% of revenues.Non-recur ...

The latest trading session saw AvidXchange Holdings, Inc. (AVDX) ending at $11.09, denoting a +0.64% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.43%.The the stock of company has fallen by 10.55% in the past month, lagging the Computer and Technology sector's gain of 3.67% and the S&P 500's gain of 2.08%.Analysts and investors alike will be keeping a close ey ...

Group 1 - AvidXchange Holdings, Inc. will release its fourth quarter 2023 financial results on February 28, 2024 [1] - A conference call to discuss the financial results will be held at 10:00 AM ET on the same day [1] - The call will be available via live webcast and a recorded replay will be accessible afterward [1] Group 2 - AvidXchange is a leading provider of accounts payable automation software and payment solutions for middle market businesses [2] - The company's software-as-a-service platform automates AP workflows for over 8,800 businesses [2] - AvidXchange has facilitated payments to more than 965,000 supplier customers over the past five years [2]

Avidxchange Holdings, Inc. (NASDAQ:AVDX) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Michael Praeger - Co-Founder, Chairman & CEO Joel Wilhite - SVP & CFO Conference Call Participants Dave Koning - Baird Ramsey El-Assal - Barclays Andrew Bauch - Wells Fargo Securities Bryan Keane - Deutsche Bank Brent Bracelin - Piper Sandler & Co. James Faucette - Morgan Stanley Operator Thank you for joining us for the AvidXchange Holdings, Inc. Third Quarter 2023 Earnings Call. Join ...