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Stock impact report

Ahead of AvidXchange (AVDX) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]

AvidXchange Holdings, Inc. (AVDX) 
NASDAQ:AMEX Investor Relations: ir.avantdiagnostics.com
Company Research Source: Yahoo! Finance
an increase of 133.3% compared to the same period last year. Revenues are forecasted to be $110.89 million, representing a year-over-year increase of 12.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. With that in mind, let's delve into the average proj Show less Read more
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