Brokerages Expect Brightcove Inc (NASDAQ:BCOV) to Post $0.04 Earnings Per Share

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Analysts expect Brightcove Inc (NASDAQ:BCOV) to report earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Brightcove’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.04. Brightcove reported earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year over year growth rate of 233.3%. The company is scheduled to report its next quarterly earnings report on Thursday, November 7th.

On average, analysts expect that Brightcove will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.09. For the next financial year, analysts forecast that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.25. Zacks Investment Research’s 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 issued its quarterly earnings results on Wednesday, July 24th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $47.58 million for the quarter, compared to the consensus estimate of $45.74 million. Brightcove had a negative return on equity of 12.20% and a negative net margin of 10.70%. Brightcove’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) earnings per share.

Several equities analysts have recently weighed in on BCOV shares. BidaskClub downgraded Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Northland Securities reaffirmed a “buy” rating and issued a $14.00 price target on shares of Brightcove in a report on Thursday, May 16th. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, B. Riley reaffirmed a “buy” rating on shares of Brightcove in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.00.

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of Brightcove in the first quarter valued at $1,561,000. Dimensional Fund Advisors LP grew its stake in shares of Brightcove by 117.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,107 shares of the software maker’s stock valued at $1,585,000 after buying an additional 121,386 shares in the last quarter. BlackRock Inc. grew its stake in shares of Brightcove by 2.9% in the fourth quarter. BlackRock Inc. now owns 2,345,456 shares of the software maker’s stock valued at $16,512,000 after buying an additional 65,963 shares in the last quarter. Trigran Investments Inc. grew its stake in shares of Brightcove by 1.6% in the first quarter. Trigran Investments Inc. now owns 3,481,578 shares of the software maker’s stock valued at $29,280,000 after buying an additional 56,492 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Brightcove by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 415,943 shares of the software maker’s stock valued at $2,928,000 after buying an additional 33,707 shares in the last quarter. 78.87% of the stock is owned by institutional investors.

BCOV stock traded up $0.11 during mid-day trading on Wednesday, reaching $12.64. 5,634 shares of the company’s stock were exchanged, compared to its average volume of 146,782. The firm has a market capitalization of $482.71 million, a P/E ratio of -46.81 and a beta of 0.98. The firm has a 50 day moving average of $10.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. Brightcove has a 12-month low of $6.88 and a 12-month high of $12.82.

Brightcove Company Profile

Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.

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