As you might know, Brightcove Inc. (NASDAQ:BCOV) just kicked off its latest quarterly results with some very strong numbers. Results overall were solid, with revenues arriving 2.9% better than analyst forecasts at US$50m. Higher revenues also resulted in substantially lower statutory losses which, at US$0.07 per share, were 2.9% smaller than the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Brightcove

Following last week's earnings report, Brightcove's two analysts are forecasting 2025 revenues to be US$201.2m, approximately in line with the last 12 months. Per-share losses are expected to explode, reaching US$0.30 per share. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$201.0m and losses of US$0.44 per share in 2025. While the revenue estimates were largely unchanged, sentiment seems to have improved, with the analysts upgrading their numbers and making a very promising decrease in losses per share in particular.

These new estimates led to the consensus price target rising 9.7% to US$4.25, with lower forecast losses suggesting things could be looking up for Brightcove.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Brightcove's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 0.5% growth on an annualised basis. This is compared to a historical growth rate of 1.7% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.1% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Brightcove.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.