Recap: Brightcove Q3 Earnings

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.

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.

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).

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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