Bazaarvoice, Inc. (BV) Expected to Announce Earnings of $0.01 Per Share
Wall Street analysts expect Bazaarvoice, Inc. (NASDAQ:BV) to announce earnings of $0.01 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Bazaarvoice’s earnings, with estimates ranging from $0.00 to $0.02. Bazaarvoice posted earnings per share of $0.02 during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The business is expected to report its next earnings results on Wednesday, November 29th.
On average, analysts expect that Bazaarvoice will report full year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.08. For the next financial year, analysts forecast that the firm will report earnings of $0.14 per share, with EPS estimates ranging from $0.10 to $0.17. Zacks’ EPS averages are an average based on a survey of research analysts that follow Bazaarvoice.
Bazaarvoice (NASDAQ:BV) last issued its quarterly earnings data on Thursday, September 7th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Bazaarvoice had a negative net margin of 6.47% and a negative return on equity of 6.88%. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $49.83 million. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Thursday. B. Riley reissued a “buy” rating and issued a $6.00 price target on shares of Bazaarvoice in a report on Sunday, September 10th. Credit Suisse Group boosted their price target on Bazaarvoice from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price target on shares of Bazaarvoice in a report on Friday, September 8th. Finally, BidaskClub raised Bazaarvoice from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $6.46.
Shares of Bazaarvoice (BV) traded down 2.02% during trading on Wednesday, hitting $4.85. 619,757 shares of the stock traded hands. Bazaarvoice has a 52-week low of $3.80 and a 52-week high of $6.14. The firm’s market cap is $410.62 million. The stock has a 50 day moving average of $4.69 and a 200 day moving average of $4.59.
Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its position in shares of Bazaarvoice by 50.3% in the second quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the technology company’s stock valued at $110,000 after buying an additional 7,430 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Bazaarvoice by 6.6% in the second quarter. Tudor Investment Corp ET AL now owns 24,612 shares of the technology company’s stock valued at $122,000 after buying an additional 1,516 shares in the last quarter. TFS Capital LLC purchased a new stake in shares of Bazaarvoice in the first quarter valued at approximately $145,000. Karp Capital Management Corp purchased a new stake in shares of Bazaarvoice in the first quarter valued at approximately $155,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Bazaarvoice in the first quarter valued at approximately $157,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Bazaarvoice Company Profile
Bazaarvoice, Inc offers solutions and services that allow its retailer and brand clients to understand that consumer voice and the role it plays in influencing purchasing decisions, both online and offline. The Company’s solutions collect, curate and display consumer-generated content, including ratings and reviews, questions and answers, customer stories, and social posts, photos and videos.
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