BigCommerce Holdings Inc. (BIGC)
BigCommerce Holdings, Inc. (BIGC) Q3 2024 Earnings Call Transcript
BigCommerce Holdings, Inc. (NASDAQ:BIGC ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Tyler Duncan - Senior Director, Finance and IR Ellen Siminoff - Executive Chair Travis Hess - CEO Daniel Lentz - CFO Conference Call Participants Ken Wong - Oppenheimer. Natalie Howe - Bank of America DJ Hynes - Canaccord Maddie Schrage - KeyBanc Katy Kuser - Morgan Stanley.
BigCommerce (BIGC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for BigCommerce (BIGC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BigCommerce (BIGC) Q3 Earnings and Revenues Beat Estimates
BigCommerce (BIGC) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago.
BigCommerce: SaaS Play At A Cheap Price
BigCommerce shares fell after Q2 earnings, but positive adjusted operating income suggests a potential turnaround. Despite monetization struggles, BigCommerce attracts large enterprise brands and shows promising signs with its expected adjusted operating income turnaround in FY 2024. Shares have lost 42% this year, reflecting top line and earnings challenges, but the drop also represents a more attractive entry point.
BigCommerce Struggles Amid Leadership Change and Competitive Pressures
BigCommerce (BIGC, Financial) has replaced former CEO Brent Bellm with President Travis Hess, following challenges such as slowing growth, declining enterprise accounts, and poor profitability. Despite this leadership change, the market's reaction remains muted, with shares down over 35% this year and over 95% from 2020 highs.
BigCommerce (BIGC) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for BigCommerce (BIGC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
BigCommerce (BIGC) Q2 Earnings and Revenues Top Estimates
BigCommerce (BIGC) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.02 per share a year ago.
