Benzinga | Jul 31, 2020 11:09AM EDT

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 2019EPS Estimate -0.01 0.30 0.09 0.03EPS Actual -0.08 0.28 0.10 0.02Revenue Estimate 92.52 M 111.85 M 96.34 M 101.30 MRevenue 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