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BigCommerce (BIGC) To Report Earnings Tomorrow: Here Is What To Expect


Radek Strnad /
2023/02/22 4:24 am EST

E-commerce software platform provider BigCommerce (NASDAQ: BIGC) will be reporting results tomorrow after market hours. Here's what you need to know.

Last quarter BigCommerce reported revenues of $72.4 million, up 22.1% year on year, beating analyst revenue expectations by 3.98%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter.

Is BigCommerce buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting BigCommerce's revenue to grow 13% year on year to $73.3 million, slowing down from the 50.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.

BigCommerce Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.34%.

Looking at BigCommerce's peers in the e-commerce software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. GoDaddy delivered top-line growth of 2.02% year on year, missing analyst estimates by 0.31% and Shopify reported revenues up 25.7% year on year, exceeding estimates by 5.11%. GoDaddy traded down 3.13% on the results, Shopify was down 0.71%. Read our full analysis of GoDaddy's results here and Shopify's results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 5.79% over the last month. BigCommerce is down 9.08% during the same time, and is heading into the earnings with with analyst price target of $14, compared to share price of $10.42.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.