$52.59 Million in Sales Expected for Bazaarvoice Inc (BV) This Quarter

Wall Street brokerages expect Bazaarvoice Inc (NASDAQ:BV) to post sales of $52.59 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bazaarvoice’s earnings, with estimates ranging from $51.30 million to $53.88 million. Bazaarvoice reported sales of $50.53 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is expected to issue its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Bazaarvoice will report full year sales of $52.59 million for the current year, with estimates ranging from $205.70 million to $214.08 million. For the next fiscal year, analysts forecast that the firm will report sales of $220.55 million per share, with estimates ranging from $212.00 million to $229.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Bazaarvoice.

Bazaarvoice (NASDAQ:BV) last issued its earnings results on Monday, November 27th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Bazaarvoice had a negative net margin of 0.10% and a negative return on equity of 0.12%. The firm had revenue of $53.40 million during the quarter, compared to the consensus estimate of $50.83 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Bazaarvoice from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Monday, December 4th. Northland Securities cut shares of Bazaarvoice to a “hold” rating and set a $5.50 target price for the company. in a report on Tuesday, November 28th. Needham & Company LLC cut shares of Bazaarvoice from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Credit Suisse Group cut shares of Bazaarvoice from an “outperform” rating to a “neutral” rating and set a $5.50 price target for the company. in a report on Tuesday, November 28th. Finally, B. Riley cut shares of Bazaarvoice from a “buy” rating to a “neutral” rating and cut their price target for the stock from $6.00 to $5.50 in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.96.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Bazaarvoice by 1.2% in the second quarter. Goldman Sachs Group Inc. now owns 74,874 shares of the technology company’s stock valued at $371,000 after purchasing an additional 866 shares during the last quarter. Bank of America Corp DE boosted its position in Bazaarvoice by 3.2% during the first quarter. Bank of America Corp DE now owns 47,293 shares of the technology company’s stock worth $203,000 after acquiring an additional 1,469 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Bazaarvoice by 6.6% during the second quarter. Tudor Investment Corp ET AL now owns 24,612 shares of the technology company’s stock worth $122,000 after acquiring an additional 1,516 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Bazaarvoice by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 336,596 shares of the technology company’s stock worth $1,667,000 after acquiring an additional 2,014 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Bazaarvoice by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 69,770 shares of the technology company’s stock worth $346,000 after acquiring an additional 3,835 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Shares of Bazaarvoice (BV) remained flat at $$5.50 on Monday. 1,080,800 shares of the company’s stock were exchanged, compared to its average volume of 658,252. Bazaarvoice has a 12 month low of $3.80 and a 12 month high of $5.50.

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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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