Equities analysts expect that Brightcove Inc (NASDAQ:BCOV) will report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Brightcove’s earnings, with estimates ranging from ($0.07) to ($0.04). Brightcove reported earnings per share of ($0.08) during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Brightcove will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.06) to $0.02. For the next fiscal year, analysts forecast that the company will report earnings of $0.10 per share, with EPS estimates ranging from ($0.04) to $0.20. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Brightcove.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.07. The firm had revenue of $40.10 million for the quarter, compared to analyst estimates of $39.52 million. Brightcove had a negative net margin of 12.52% and a negative return on equity of 23.20%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share.
Brightcove (NASDAQ BCOV) traded down $0.08 during trading hours on Friday, hitting $6.97. 51,900 shares of the stock were exchanged, compared to its average volume of 151,655. The firm has a market capitalization of $245.89, a price-to-earnings ratio of -12.19 and a beta of 1.77. Brightcove has a 1 year low of $5.40 and a 1 year high of $9.30.
Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Brightcove by 1.9% during the second quarter. California State Teachers Retirement System now owns 60,125 shares of the software maker’s stock valued at $373,000 after buying an additional 1,100 shares during the period. Voya Investment Management LLC grew its position in 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 buying an additional 3,465 shares during the period. Dimensional Fund Advisors LP grew its position in 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 buying an additional 3,764 shares during the period. The Manufacturers Life Insurance Company grew its position in 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 buying an additional 5,494 shares during the period. Finally, Mcclain Value Management LLC grew its position in Brightcove by 3.4% during the fourth quarter. Mcclain Value Management LLC now owns 312,210 shares of the software maker’s stock valued at $2,217,000 after buying an additional 10,292 shares during the period. Hedge funds and other institutional investors own 62.80% 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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