BigCommerce (BIGC) Set to Announce Quarterly Earnings on Thursday

BigCommerce (NASDAQ:BIGC - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. The firm had revenue of $81.83 million for the quarter, compared to analysts' expectations of $81.13 million. During the same period in the previous year, the business earned ($0.17) earnings per share. BigCommerce's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect BigCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BigCommerce Price Performance

BigCommerce stock traded down $0.16 during midday trading on Thursday, hitting $5.24. The company's stock had a trading volume of 614,627 shares, compared to its average volume of 776,413. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. The stock's 50-day moving average price is $5.74 and its 200-day moving average price is $6.70. BigCommerce has a 12 month low of $5.22 and a 12 month high of $10.29. The company has a market capitalization of $407.43 million, a PE ratio of -9.70 and a beta of 0.98.

Analyst Upgrades and Downgrades

BIGC has been the topic of several research reports. Bank of America dropped their price target on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus dropped their price target on BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Needham & Company LLC reissued a "buy" rating and issued a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. Finally, Barclays dropped their price target on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, BigCommerce presently has an average rating of "Hold" and a consensus price target of $8.81.

About BigCommerce

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.