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

Brightcove

07/08/2024 22:02

* Brightcove Inc  BCOV.OQ  reported a quarterly adjusted
loss of 2
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share. Wall Street expected results to
range from -5 cents to -4 cents per share.
    * Revenue fell 3.4% to $49.25 million from a year ago;
analysts
expected $48.01 million. 
    * Brightcove Inc's reported EPS for the quarter was a loss
of 12
cents​.
    * The company reported a quarterly loss of $5.25 million.
    * Brightcove Inc shares had fallen by 10.1% this quarter and
lost 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.6%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is  "hold."

Wall Street's median 12-month price target for Brightcove Inc is
$4.00 
This summary was machine generated from LSEG data August 7 at
09:02 p.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
 Jun. 30 2024      -0.04          -0.02          Beat
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.02           0.04           Beat
 Sep. 30 2023      0.02           0.05           Beat