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

Brightcove

03/05/2023 22:03

* Brightcove Inc  BCOV.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 6 cents per share.
    * Revenue fell 8.1% to $49.06 million from a year ago;
analysts
expected $49.31 million. 
    * Brightcove Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 416.6% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Brightcove Inc shares had fallen by 11.0% this quarter and
lost 24.3% so far this year.
    * The company reported a quarterly loss of $11.71 million.
    * Wall Street's median 12-month price target for Brightcove
Inc is
$8.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.06          -0.15          Missed
 Dec. 31 2022      -0.01          -0.02          Missed
 Sep. 30 2022      0.03           0.05           Beat
 Jun. 30 2022      0.05           0.10           Beat