Brightcove Expects Q1 Revenue Of $49M-$50M (Est $49.816M), Adj EPS Of $(0.01)-$0.02, Est $0.01
Portfolio Pulse from Benzinga Newsdesk
Brightcove anticipates Q1 revenue to be between $49M-$50M, slightly above the estimated $49.816M. The company also forecasts its adjusted EPS to range from $(0.01) to $0.02, compared to the estimated $0.01.
February 22, 2024 | 9:55 pm
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Brightcove forecasts Q1 revenue between $49M-$50M, above the $49.816M estimate, and adjusted EPS from $(0.01) to $0.02, against an estimated $0.01.
Brightcove's anticipated revenue exceeding estimates and a positive adjusted EPS range suggest a strong financial performance for Q1. This outlook is likely to positively influence investor sentiment and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100