AvidXchange Holdings, Inc. (AVDX) Surpasses Q4 Earnings and Revenue Estimates

Core Viewpoint - AvidXchange Holdings, Inc. reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of$ 0.06 per share, and showing an increase from $0.05 per share a year ago, indicating a 33.33% earnings surprise [1][2] Financial Performance - The company achieved revenues of$ 115.44 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.40% and up from $104.06 million year-over-year [2] - Over the last four quarters, AvidXchange has exceeded consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Performance - AvidXchange shares have declined approximately 11.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current Zacks Rank for AvidXchange is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.07 on revenues of $114.66 million, and for the current fiscal year, it is$ 0.33 on revenues of $484.82 million [7] - The trend of estimate revisions for AvidXchange is currently mixed, which may change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which AvidXchange belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]