Brightcove Inc expected to post a loss of 4 cents a share - Earnings Preview

Brightcove

06/08/2024 03:05

* Brightcove Inc  BCOV.OQ   BCOV.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
5.8% decrease in revenue to $48.013 million from $50.99 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $47.50 million and
$48.50 million.
    * ​LSEG's mean analyst estimate for Brightcove Inc is for a
loss
of 4 cents per share. The company's EPS guidance on May 8 2024,
for the period ended June 30, was between $-0.05 and $-0.03 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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
$4.00​, above​ its last closing price of $2.14. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD-2
million and USD-1 million.The company's guidance on May 8 2024
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between USD47.5 million
and USD3 million.
This summary was machine generated August 6 at 02:05 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)