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

Commerce.com

23/02/2024 03:08

* Bigcommerce Holdings Inc  BIGC.OQ  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -10 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 2 cents to 7
cents per share.
    * Revenue rose 16.2% to $84.15 million from a year ago;
analysts
expected $81.44 million. 
    * Bigcommerce Holdings Inc's reported EPS for the quarter
was a
loss of 4 cents​.
    * The company reported a quarterly loss of $3.18 million.
    * Bigcommerce Holdings Inc shares had fallen by 15.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 13
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Bigcommerce
Holdings Inc is $10.00 
This summary was machine generated from LSEG data February 23 at
03:07 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      0.05           0.09           Beat
 Sep. 30 2023      -0.03          0.01           Beat
 Jun. 30 2023      -0.09          -0.02          Beat
 Mar. 31 2023      -0.13          -0.07          Beat