Brightcove Earnings: Here’s Why the Stock is Up Now

Brightcove (NASDAQ:BCOV) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.15%.

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Brightcove Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.06 in the quarter versus EPS of $-0.17 in the year-earlier quarter.

Revenue: Rose 23.87% to $24.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Brightcove reported adjusted EPS loss of $0.06 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $23.78 million.

Quoting Management: “We are pleased that Brightcove delivered first quarter revenue and profitability that exceeded our guidance,” said David Mendels, Chief Executive Officer of Brightcove. “The rapid shift of consumers watching digital content across a growing array of devices is forcing companies across a wide range of industries to think more strategically about their digital content delivery needs. We believe Brightcove is uniquely positioned to benefit from this long-term trend, and our focus is on continuing to drive the pace of innovation in the multi-billion dollar online video platform market.”

Key Stats (on next page)…

Revenue increased 1.48% from $24.34 million in the previous quarter. EPS decreased to $-0.06 in the quarter versus EPS of $-0.05 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.04 to a loss $0.07. For the current year, the average estimate has moved down from a loss of $0.15 to a loss of $0.21 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)