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

Brightcove

02/11/2024 03:49

* Brightcove Inc  BCOV.OQ   BCOV.O  is expected to show a
fall in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
4.8% decrease in revenue to $48.55 million from $50.98 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on August 7 2024, for the
period ended September 30, was for revenue between $48.00
million and $49.00 million.
    * ​LSEG's mean analyst estimate for Brightcove Inc is for a
loss
of 4 cents per share. The company's EPS guidance on August 7
2024, for the period ended September 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
$3.88​, above​ its last closing price of $2.07. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-2 million and USD-1 million.The company's guidance on August
7 2024 for the period ended September 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between USD48
million and USD3.5 million.
This summary was machine generated November 2 at 03:48 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)