AvidXchange Holdings, Inc. (AVDX) Flat As Market Sinks: What You Should Know

Group 1 - AvidXchange Holdings, Inc. (AVDX) closed at $9.78, with no change from the previous day, outperforming the S&P 500's daily loss of 0.53% [1] - Over the past month, AvidXchange shares gained 0.41%, lagging behind the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Group 2 - Analysts expect AvidXchange to post earnings of $0.06 per share in the forthcoming earnings report, indicating a year-over-year growth of 20% [2] - The consensus estimate for revenue is $111.03 million, reflecting a 5.61% increase from the same quarter last year [2] Group 3 - Full-year Zacks Consensus Estimates project earnings of $0.26 per share and revenue of $454.18 million, representing year-over-year changes of 0% and +3.47%, respectively [3] Group 4 - Recent changes to analyst estimates for AvidXchange indicate a favorable outlook on the company's business health and profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows AvidXchange currently has a Zacks Rank of 2 (Buy) [6] - The consensus EPS projection has increased by 60.71% in the past 30 days [6] Group 6 - AvidXchange has a Forward P/E ratio of 37.62, which is a premium compared to the industry's average Forward P/E of 29.65 [7] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 23% of over 250 industries [7]