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

Brightcove

02/11/2023 24:30

* Brightcove Inc  BCOV.OQ  reported quarterly adjusted
earnings of
5 cents​​ per share for the quarter ended in September,
identical to the same quarter last year.  The mean expectation
of three analysts for the quarter was for earnings of 2 cents
per share. Wall Street expected results to range from 1 cents
to 2 cents per share.
    * Revenue fell 5.5% to $50.98 million from a year ago;
analysts
expected $50.30 million. 
    * Brightcove Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $2.42 million.
    * Brightcove Inc shares had fallen by 6.4% this quarter and
lost 41.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 1
"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
$6.25 
This summary was machine generated from LSEG data November 2 at
12:30 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.02           0.05           Beat
 Jun. 30 2023      -0.02          0.01           Beat
 Mar. 31 2023      -0.06          -0.15          Missed
 Dec. 31 2022      -0.01          -0.02          Missed