Brokerages expect that Brightcove Inc (NASDAQ:BCOV) will announce earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Three analysts have made estimates for Brightcove’s earnings, with estimates ranging from ($0.04) to ($0.02). Brightcove also reported earnings of ($0.03) per share in the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Brightcove will report full year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.32). For the next fiscal year, analysts expect 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 calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brightcove.
Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, October 26th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $39.50 million for the quarter, compared to the consensus estimate of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. Brightcove’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS.
Several analysts have commented on BCOV shares. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Brightcove from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Stifel Nicolaus lifted their price objective on shares of Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, B. Riley restated a “hold” rating and set a $7.25 price objective on shares of Brightcove in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.44.
Brightcove (BCOV) traded down $0.02 during trading hours on Friday, reaching $6.95. 131,292 shares of the company’s stock traded hands, compared to its average volume of 132,644. The stock has a market cap of $240.70, a P/E ratio of -10.53 and a beta of 1.87. Brightcove has a 12 month low of $5.40 and a 12 month high of $9.30.
A number of large investors have recently bought and sold shares of BCOV. Litespeed Management L.L.C. acquired a new position in Brightcove during the third quarter worth $8,570,000. Cooper Creek Partners Management LLC raised its position in Brightcove by 60.8% during the second quarter. Cooper Creek Partners Management LLC now owns 1,204,357 shares of the software maker’s stock worth $7,467,000 after acquiring an additional 455,504 shares during the period. Cramer Rosenthal Mcglynn LLC raised its position in Brightcove by 27.7% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,845,590 shares of the software maker’s stock worth $11,443,000 after acquiring an additional 400,029 shares during the period. Discovery Group I LLC acquired a new position in Brightcove during the third quarter worth $1,763,000. Finally, Emancipation Management LLC acquired a new position in Brightcove during the third quarter worth $1,071,000. Institutional investors own 62.36% of the company’s stock.
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.
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