AvidXchange Holdings, Inc. (AVDX) closed higher but underperformed the market, anticipating earnings report.

From Nasdaq: 2025-04-11 18:15:00

AvidXchange Holdings, Inc. (AVDX) closed at $7.69, a 1.72% increase from the previous day, trailing the S&P 500. The stock has fallen by 3.57% in the past month, leading the Computer and Technology sector’s loss of 7.27% and the S&P 500’s loss of 6.14%.

Investors anticipate AvidXchange Holdings, Inc.’s earnings report on May 7, 2025. Analysts expect an EPS of $0.06 and revenue of $109.74 million, up 3.92% from the previous year. The Zacks Consensus Estimates project full-year earnings of $0.26 per share and revenue of $457.33 million, reflecting changes of 0% and +4.19%, respectively.

AvidXchange Holdings, Inc. is currently a Zacks Rank #3 (Hold). The stock is trading at a Forward P/E ratio of 29.36, a premium compared to its industry average of 24.57. The Internet – Software industry, where AvidXchange Holdings, Inc. belongs, has a Zacks Industry Rank of 85, indicating strength within the top 35% of all industries.

Zacks Names #1 Semiconductor Stock that has more room to boom than NVIDIA. With strong earnings growth and an expanding customer base, this chip stock is positioned to capitalize on the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is expected to surge from $452 billion in 2021 to $803 billion by 2028.



Read more at Nasdaq: AvidXchange Holdings, Inc. (AVDX) Advances But Underperforms Market: Key Facts