On Thursday, Avid Technology (NASDAQ: AVID) will release its latest earnings report. Check out Benzinga's report to understand the implications.
Earnings and Revenue
Based on management's projections, Avid Technology analysts model for earnings of 23 cents per share on sales of $108.5 million.
In the same quarter last year, Avid Technology reported earnings per share of 13 cents on sales of $115 million. If the company were to report inline earnings when it publishes results Thursday, earnings would be up 76.92 percent. Revenue would be down 5.87 percent on a year-over-year basis.
Here's how the Avid Technology's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q3 2017||Q2 2017||Q1 2017||Q4 2016|
Over the last 52-week period, shares are down 1.17 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Avid Technology stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Don't be surprised to see the stock move on comments made during its conference call. Avid Technology's Q4 conference call is scheduled to begin at 5 p.m. ET and can be accessed here.
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