Brightcove Inc expected to post a loss of 2 cents a share - Earnings Preview

Brightcove

01/08/2023 03:05

* Brightcove Inc  BCOV.OQ   BCOV.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 2. 
    * The Boston Massachusetts-based  company is expected to
report  a
7.0% decrease in revenue to $50.655 million from $54.45 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on May 3 2023,
for the period ended June 30, was for revenue between $50.00
million and $51.00 million.
    * ​Refinitiv's mean analyst estimate for Brightcove Inc is
for a
loss of 2 cents per share. The company's EPS guidance on May 3
2023, for the period ended June 30, was between $-0.04 and
$-0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Brightcove
Inc is
$7​, above​ its last closing price of $4.49. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD-1.3
million and USD-300 thousand.The company's guidance on May 3
2023 for the period ended June 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between USD50
million and USD2.8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.06       -0.06      -0.15     Missed  -136.9
 Dec. 31 2023  -0.01       -0.01      -0.02     Missed  -50
 Sep. 30 2022  0.03        0.03       0.05      Beat    66.7​
 Jun. 30 2022  0.05        0.05       0.10      Beat    122.2
 ​​Mar.        0.04        0.04       0.10      Beat    185.7
 31 2022                                                
 Dec. 31 2021  0.03        0.03       0.10      Beat    233.3​
 Sep. 30 2021  0.02        0.02       0.05      Beat    150
 Jun. 30 2021  0.03        0.03       0.11      Beat    312.4
 This summary was machine generated August 1 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated