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

Commerce.com

07/11/2024 14:45

* Bigcommerce Holdings Inc  BIGC.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -3 cents to 7
cents per share.
    * Revenue rose 7.3% to $83.71 million from a year ago;
analysts
expected $83.12 million. 
    * Bigcommerce Holdings Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The company reported a quarterly loss of $6.99 million.
    * Bigcommerce Holdings Inc shares had fallen by 2.7% this
quarter and lost 41.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 533.2%
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 8.00 
This summary was machine generated from LSEG data November 7 at
02:45 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
 Sep. 30 2024      0.02           0.06           Beat
 Jun. 30 2024      0.03           0.05           Beat
 Mar. 31 2024      0.04           0.06           Beat
 Dec. 31 2023      0.05           0.09           Beat