Jefferies notes that BigCommerce’s (BIGC) Q4 results met consensus on total revenue and beat on profitability, while top-line guidance for Q1 and FY25 missed expectations, which the company attributed to conservatism as management works to improve the business. Q4 was “not a perfect landing, but another step in the right direction” and “another quarter of rebuilding,” says the analyst, who believes investors are still waiting for signs of re-acceleration before revisiting the stock. The firm keeps a Hold rating on the shares.
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Read More on BIGC:
- BigCommerce ‘prudent’ FY25 targets ‘provide headroom,’ says Oppenheimer
- Strategic Adjustments and Growth Potential: Scott Berg’s ‘Buy’ Rating on BigCommerce Holdings
- BigCommerce reports Q4 non-GAAP EPS 11c, consensus 7c
- BigCommerce sees Q1 revenue $81.2M-$83.2M, consensus $83.77M
- BigCommerce sees FY25 revenue $342.1M-$350.1M, consensus $350M