Brightcove Inc expected to post a loss of 4 cents a share - Earnings Preview

Reuters
2024-11-02

* Brightcove Inc is expected to show a fall in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The Boston Massachusetts-based company is expected to report a 4.8% decrease in revenue to $48.55 million from $50.98 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on August 7 2024, for the period ended September 30, was for revenue between $48.00 million and $49.00 million.

* ​LSEG's mean analyst estimate for Brightcove Inc is for a loss of 4 cents per share. The company's EPS guidance on August 7 2024, for the period ended September 30, was between $-0.05 and $-0.03

* 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 mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Brightcove Inc is $3.88​, above​ its last closing price of $2.07. ​​​

The company's guidance on August 7 2024 for the period ended September 30 was for Earnings before Interest and Taxes between USD-2 million and USD-1 million.The company's guidance on August 7 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD48 million and USD3.5 million. This summary was machine generated November 2 at 03:48 GMT. 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)

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