Brightcove Inc reports results for the quarter ended in December - Earnings Summary

Brightcove

23/02/2024 03:10

* Brightcove Inc  BCOV.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -2 cents.  The mean expectation of two analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from zero cents to 3 cents per share.
    * Revenue rose 1.9% to $50.16 million from a year ago;
analysts
expected $50.13 million. 
    * Brightcove Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $2.51 million.
    * Brightcove Inc shares had fallen by 14.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Brightcove Inc is
$5.75 
This summary was machine generated from LSEG data February 23 at
03:09 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.02           0.04           Beat
 Sep. 30 2023      0.02           0.05           Beat
 Jun. 30 2023      -0.02          0.01           Beat
 Mar. 31 2023      -0.06          -0.15          Missed