BigCommerce (BIGC) Reports Q2: Everything You Need To Know Ahead Of Earnings

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BigCommerce (BIGC) Reports Q2: Everything You Need To Know Ahead Of Earnings

E-commerce software platform provider BigCommerce (NASDAQ: BIGC) will be reporting earnings tomorrow before market open. Here's what investors should know.

BigCommerce beat analysts' revenue expectations by 4.1% last quarter, reporting revenues of $80.36 million, up 12% year on year. It was a solid quarter for the company, with an impressive beat of analysts' billings estimates and full-year revenue guidance topping analysts' expectations.

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

This quarter, analysts are expecting BigCommerce's revenue to grow 7.5% year on year to $81.12 million, slowing from the 10.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.

BigCommerce Total Revenue
BigCommerce Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BigCommerce has missed Wall Street's revenue estimates twice over the last two years.

Looking at BigCommerce's peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. VeriSign delivered year-on-year revenue growth of 4.1%, meeting analysts' expectations, and Freshworks reported revenues up 20%, topping estimates by 3%. VeriSign traded up 4.3% following the results.

Read our full analysis of VeriSign's results here and Freshworks's results here.

There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.2% on average over the last month. BigCommerce is up 4.2% during the same time and is heading into earnings with an average analyst price target of $9.5 (compared to the current share price of $8.14).

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