AvidXchange Holdings, Inc. (AVDX) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - AvidXchange Holdings, Inc. reported quarterly earnings of $0.05 per share, missing the consensus estimate of$0.06 per share, representing a -16.67% earnings surprise [1]. Financial Performance - The company posted revenues of $107.94 million for the quarter ended March 2025, which was 1.64$105.6 million year-over-year [2]. - Over the last four quarters, AvidXchange has surpassed consensus EPS estimates two times and topped revenue estimates two times [2]. Stock Performance - AvidXchange shares have declined approximately 20.7% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of$111.76 million, and for the current fiscal year, it is $0.26 on revenues of$457.33 million [7]. - The trend for estimate revisions ahead of the earnings release was favorable, which may influence future stock movements [6]. Industry Context - The Internet - Software industry, to which AvidXchange belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8].