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

Commerce.com

01/08/2024 15:24

* Bigcommerce Holdings Inc  BIGC.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -2 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 3 cents per
share. Wall Street expected results to range from 1 cents to 5
cents per share.
    * Revenue rose 8.5% to $81.83 million from a year ago;
analysts
expected $81.08 million. 
    * Bigcommerce Holdings Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The company reported a quarterly loss of $11.26 million.
    * Bigcommerce Holdings Inc shares had risen by 0.5% this
quarter and lost 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.5%
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," 9
"hold" and 1 "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 $9.00 
This summary was machine generated from LSEG data August 1 at
02:24 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      0.03           0.05           Beat
 Mar. 31 2024      0.04           0.06           Beat
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      -0.03          0.01           Beat