Brightcove Sees Q2 2024 Revenue $47.5M-$48.5M Vs $48.48M Estimate, Sees Adj. EPS $(0.05)-$(0.03) Vs $(0.03) Estimate
Portfolio Pulse from Benzinga Newsdesk
Brightcove projects Q2 2024 revenue to be between $47.5M-$48.5M, slightly below the $48.48M estimate. Adjusted EPS is expected to range from $(0.05) to $(0.03), compared to the $(0.03) estimate. The guidance includes details on professional services revenue, overages, and adjustments for stock-based compensation, restructuring, and other expenses.
May 08, 2024 | 8:37 pm
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Brightcove anticipates Q2 2024 revenue to fall slightly below estimates with adjusted EPS also expected to be lower than or match estimates. The detailed financial adjustments and expected share count are provided.
Brightcove's guidance indicating revenue and adjusted EPS that could potentially miss or just meet analyst estimates suggests a cautious outlook. This could lead to negative investor sentiment in the short term, impacting the stock price negatively.
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