Brightcove Sees FY24 Revenue $195M-$198M Vs $197M Estimate, Sees Adj. EPS $(0.10)-$(0.05) Vs $(0.08) Estimate
Portfolio Pulse from Benzinga Newsdesk
Brightcove projects its FY24 revenue to be between $195M-$198M, slightly below the $197M estimate, and anticipates its adjusted EPS to range from $(0.10) to $(0.05), compared to the $(0.08) estimate.

May 08, 2024 | 8:38 pm
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NEUTRAL IMPACT
Brightcove anticipates FY24 revenue to be slightly below estimates with adjusted EPS potentially better or worse than expected.
Brightcove's projected FY24 revenue is near analyst expectations, indicating a neutral to slightly negative short-term impact on its stock price due to the close alignment with estimates. The adjusted EPS range offers both potential upside and downside, suggesting uncertainty but also the possibility of outperforming expectations. This mixed outlook leads to a neutral score, with high relevance due to the direct financial nature of the news, substantial importance as it pertains to future earnings potential, and high confidence in the analysis based on the provided financial projections.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100