Brokerages Expect BigCommerce Holdings, Inc. (NASDAQ:BIGC) Will Announce Earnings of -$0.12 Per Share

Wall Street analysts expect that BigCommerce Holdings, Inc. (NASDAQ:BIGC) will announce earnings of ($0.12) per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for BigCommerce’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.11). BigCommerce posted earnings per share of ($0.54) during the same quarter last year, which would indicate a positive year over year growth rate of 77.8%. The business is scheduled to report its next earnings results on Wednesday, September 8th.

According to Zacks, analysts expect that BigCommerce will report full-year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.42). For the next financial year, analysts expect that the firm will post earnings of ($0.32) per share, with EPS estimates ranging from ($0.48) to ($0.14). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BigCommerce.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings data on Monday, May 10th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $42.18 million. BigCommerce had a negative return on equity of 52.31% and a negative net margin of 25.37%. The business’s revenue for the quarter was up 40.7% on a year-over-year basis.

A number of equities research analysts recently commented on BIGC shares. Guggenheim upgraded BigCommerce from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 12th. Citigroup upgraded BigCommerce from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 12th. JPMorgan Chase & Co. started coverage on BigCommerce in a research report on Monday, March 15th. They issued a “neutral” rating and a $55.00 target price on the stock. Raymond James reiterated a “hold” rating on shares of BigCommerce in a research report on Wednesday, February 24th. Finally, Barclays decreased their target price on BigCommerce from $64.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.53.

Shares of NASDAQ BIGC traded down $0.27 during mid-day trading on Friday, reaching $59.39. The company’s stock had a trading volume of 16,337 shares, compared to its average volume of 1,965,987. The company has a market cap of $4.17 billion and a price-to-earnings ratio of -57.52. The firm’s fifty day simple moving average is $54.68. BigCommerce has a 52 week low of $42.17 and a 52 week high of $162.50.

In other BigCommerce news, Director Jeffrey Gordon Richards sold 76,818 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $60.48, for a total transaction of $4,645,952.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeff Mengoli sold 23,790 shares of the stock in a transaction on Monday, March 15th. The shares were sold at an average price of $60.26, for a total value of $1,433,585.40. Following the sale, the insider now directly owns 84,734 shares in the company, valued at approximately $5,106,070.84. The disclosure for this sale can be found here. Insiders have sold a total of 252,026 shares of company stock worth $14,561,773 in the last ninety days. Insiders own 31.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BIGC. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BigCommerce during the 4th quarter valued at $129,000. Arizona State Retirement System purchased a new stake in shares of BigCommerce during the 4th quarter valued at $233,000. Creative Planning purchased a new stake in shares of BigCommerce during the 4th quarter valued at $1,714,000. NN Investment Partners Holdings N.V. purchased a new position in BigCommerce in the 4th quarter worth $1,129,000. Finally, Treasurer of the State of North Carolina raised its stake in BigCommerce by 38.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 4,504 shares of the company’s stock worth $289,000 after acquiring an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About BigCommerce

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States. The company's platform provides various services for launching and scaling ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

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Earnings History and Estimates for BigCommerce (NASDAQ:BIGC)

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