Brightcove Inc. (NASDAQ:BCOV) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BCOV to report 3Q20 loss of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 186.86 million, while looking forward to income of $ 0.09 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.02 ~ $ -0.01 per share, while revenues are expected in a range of $ 46.00 million ~ $ 47.00 million
Full Year 2020 topline are forecasted in a range of$ 186.00 million ~ $ 188.00 million, where as bottomline are predicted in a range of $ 0.08 ~ $ 0.10 per share
Click Here For More Historical Outlooks Of Brightcove Inc.
Previous Quarter Performance
Brightcove Inc. unveiled income for the second quarter of $ 0.07 per share, from the revenue of $ 47.93 million. The quarterly revenues extended 0.74 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.03 per share from $ 44.89 million in revenue. The bottom line results beat street analysts by $ 0.1 or 333.33 percent, at the same time, top line results outshined analysts by $ 3.04 million or 6.77 percent.
Stock Performance
Shares of Brightcove Inc. traded low $ -0.06 or -0.50 percent on Tuesday, reaching $ 11.93 with volume of 194.40 thousand shares. Brightcove Inc. has traded high as $ 12.19 and has cracked $ 11.67 on the downward trend
The closing price of $ 11.93, representing a 120.40 % increase from the 52 week low of $ 5.44 and a 10.25 % decrease over the 52 week high of $ 13.36.
The company has a market capital of $ 470.21 million and is part of the Technology sector and Software – Application industry.
Conference Call
Brightcove Inc. will be hosting a conference call at 5:00 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.brightcove.com
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.
