AvidXchange Holdings, Inc. (AVDX) Rises As Market Takes a Dip: Key Facts

Group 1 - AvidXchange Holdings, Inc. (AVDX) closed at $10.83, showing a slight increase of +0.09% from the previous session, outperforming the S&P 500 which declined by 0.04% [1] - Over the past month, AvidXchange shares have decreased by 4.08%, underperforming the Computer and Technology sector's loss of 2.27% and the S&P 500's gain of 4.15% [1] - The upcoming earnings report is anticipated to show quarterly revenue of $106.32 million, reflecting a year-over-year increase of 16.64% [1] Group 2 - The Zacks Consensus Estimates project full-year earnings of $0.22 per share and revenue of $445.05 million, indicating increases of +214.29% and +16.9% respectively from the previous year [1] - Recent changes to analyst estimates for AvidXchange Holdings indicate a stable outlook, with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [2] - AvidXchange currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook based on analyst estimates [2] Group 3 - AvidXchange is trading at a Forward P/E ratio of 48.63, which is higher than the industry average Forward P/E of 30.07 [3] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [3] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with top-rated industries historically outperforming lower-rated ones by a factor of 2 to 1 [3]