Brightcove Inc reports results for the quarter ended in September 30 - Earnings Summary

Brightcove

05/11/2024 07:58

* Brightcove Inc  BCOV.OQ  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 5 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 2% to $49.95 million from a year ago;
analysts
expected $48.55 million. 
    * Brightcove Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $2.96 million.
    * Brightcove Inc shares had fallen by 0.9% this quarter and
lost 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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
3.88 
This summary was machine generated from LSEG data November 5 at
07:58 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
 Sep. 30 2024      -0.04          0.02           Beat
 Jun. 30 2024      -0.04          -0.02          Beat
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.02           0.04           Beat