NEW YORK (TheStreet) -- Shares of Bazaarvoice (BV) - Get BrightView Holdings, Inc. Report were falling 25.3% to $6.78 on heavy trading volume Wednesday after the software company reported its fiscal third quarter of 2015 results.
Bazaarvoice reported break even earnings for the fourth quarter, beating analysts' estimates of a loss of 6 cents a share for the quarter. Revenue grew 13.7% year over year to $49.56 million for the quarter, compared to analysts' estimates of $49.34 million.
The software company expects to report a loss of 7 cents to 9 cents and revenue of $191.1 million to $191.7 million for fiscal 2015 ending in April. Analysts expect the company to report a loss of 27 cents and revenue of $191.3 million for the fiscal year.
Exclusive Report:Jim Cramer's Best Stocks for 2015
Bazaarvoice said it expects revenue to grow between 6% and 10% in fiscal year 2016 due to product transitions. Analysts expect the company's revenue to grow by 14% in fiscal 2016.
"While our growth rates are moderating, we are accelerating our move to profitability," CEO Gene Austin said. "Through good operational improvements and frankly hard work, we're seeing a strong progress in our adjusted EBITDA. In the third quarter, as I mentioned, we were profitable the first time as a public company. And we expect to improve our adjusted EBITDA performance by more than $13 million this fiscal year."
About 1.6 million shares of Bazaarvoice were traded by 10:27 a.m. Wednesday, above the average trading volume of about 369,000 shares a day.
TheStreet Ratings team rates BAZAARVOICE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BAZAARVOICE INC (BV) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its disappointing return on equity."
You can view the full analysis from the report here: BV Ratings Report