Brightcove Inc (BCOV) Expected to Announce Earnings of -$0.03 Per Share

Equities analysts predict that Brightcove Inc (NASDAQ:BCOV) will report earnings per share of ($0.03) for the current quarter, according to Zacks. Three analysts have made estimates for Brightcove’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.04). Brightcove also posted earnings of ($0.03) per share during the same quarter last year. The business is expected to issue its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Brightcove will report full-year earnings of ($0.33) per share for the current financial year, with EPS estimates ranging from ($0.35) to ($0.32). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.15) to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Brightcove.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The business had revenue of $39.50 million during the quarter, compared to analyst estimates of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Tuesday, November 7th. Stifel Nicolaus increased their price target on shares of Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Northland Securities raised shares of Brightcove from a “market perform” rating to an “outperform” rating in a research report on Friday, October 27th. Finally, B. Riley reissued a “hold” rating and set a $7.25 price target on shares of Brightcove in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.44.

Several institutional investors and hedge funds have recently bought and sold shares of BCOV. Dimensional Fund Advisors LP increased its holdings in shares of Brightcove by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 16,234 shares of the software maker’s stock valued at $101,000 after acquiring an additional 3,764 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Brightcove by 18.8% during the second quarter. Voya Investment Management LLC now owns 21,932 shares of the software maker’s stock valued at $136,000 after acquiring an additional 3,465 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Brightcove by 106.8% during the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the software maker’s stock valued at $151,000 after acquiring an additional 12,600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Brightcove by 22.8% during the second quarter. The Manufacturers Life Insurance Company now owns 29,591 shares of the software maker’s stock valued at $183,000 after acquiring an additional 5,494 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Brightcove by 71.3% during the second quarter. Parametric Portfolio Associates LLC now owns 30,532 shares of the software maker’s stock valued at $189,000 after acquiring an additional 12,713 shares in the last quarter. Hedge funds and other institutional investors own 62.36% of the company’s stock.

Shares of Brightcove (BCOV) opened at $7.00 on Friday. The company has a market cap of $237.23, a PE ratio of -10.61 and a beta of 1.87. Brightcove has a 1 year low of $5.40 and a 1 year high of $9.30.

ILLEGAL ACTIVITY WARNING: “Brightcove Inc (BCOV) Expected to Announce Earnings of -$0.03 Per Share” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/19/brightcove-inc-bcov-expected-to-announce-earnings-of-0-03-per-share.html.

About Brightcove

Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.

Get a free copy of the Zacks research report on Brightcove (BCOV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Brightcove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply