Brightcove BCOV reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Brightcove beat their estimated earnings by 150.0%, reporting an EPS of $0.05 versus an estimate of $0.02, which surprised analysts.
Revenue was up $3,079,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 14.06% drop in the share price the next day.
Here's a look at Brightcove's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.03 | 0.10 | 0.06 | -0.02 |
EPS Actual | 0.11 | 0.15 | 0.14 | 0.11 |
Revenue Estimate | 50.14M | 53.46M | 49.79M | 46.30M |
Revenue Actual | 51.47M | 54.82M | 53.69M | 49.08M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Brightcove management provided guidance for their next quarter, expecting earnings between $0.01 and $0.03 per share for the nextquarter.
This represents a -60.0% in quarter-over-quarter growth for Brightcove, a bearish signal to many investors.
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