Brightcove Expects FY24 Revenue Of $195M-$198M (Est $205.63M), Adj EPS Of $(0.10)-$(0.05), Est $0.10
Portfolio Pulse from Benzinga Newsdesk
Brightcove has provided its financial outlook for FY24, expecting revenues to be between $195M-$198M, which is below the estimated $205.63M. Additionally, the company anticipates an adjusted EPS in the range of $(0.10)-$(0.05), contrary to the estimated $0.10.
February 22, 2024 | 9:56 pm
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Brightcove projects lower-than-expected FY24 revenue and adjusted EPS, indicating potential financial challenges ahead.
Brightcove's forecasted revenue and adjusted EPS for FY24 are both below market expectations. This negative outlook could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100