Avid Technology, Inc. (NASDAQ:AVID) – Earnings Preview: Avid Technology
On Monday, August 03, Avid Technology (NASDAQ: AVID) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Wall Street analysts see Avid Technology reporting a loss of $0.02 per share on revenue of $77.41 million. In the same quarter last year, Avid Technology reported earnings per share of $0.02 on revenue of $98.70 million. Analysts estimate would represent a 200.0% decrease in the company's earnings. Sales would be down 16.33% on a year-over-year basis. Avid Technology's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | 0.30 | 0.09 | 0.03 |
| EPS Actual | -0.08 | 0.28 | 0.10 | 0.02 |
| Revenue Estimate | 92.52 M | 111.85 M | 96.34 M | 101.30 M |
| Revenue Actual | 86.45 M | 116.31 M | 93.46 M | 98.70 M |
Stock Performance
Over the last 52-week period, shares are down 15.7%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Avid Technology is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/6jk8shf4
Gloss