Bazaarvoice (BV) Stock Sharply Higher After Q1 Results Top Estimates

NEW YORK (TheStreet) -- Shares of Bazaarvoice (BV) were climbing 9.26% to $4.72 on heavy trading volume mid-afternoon Thursday after the company posted results that beat analysts' expectations for the 2017 fiscal first quarter.

After yesterday's closing bell, the Austin-based social media marketing company reported break-even earnings per share, while analysts were projecting a loss of 4 cents per share.

Revenue increased 2.5% to $50 million year-over-year and was above Wall Street's estimates of $49 million.

For the second quarter, Bazaarvoice sees results ranging from a loss of 2 cents per share to break-even earnings per share on revenue of $50.3 million to $50.9 million, the Fly noted. Analysts are looking for a loss of a penny per share on revenue of $50.2 million.

Full-year loss per share is expected to be between one cent and 5 cents on revenue of $202.3 million to $204.3 million, the Fly added. Wall Street is forecasting a loss of 3 cents per share on revenue of $201.9 million.

More than 1.25 million of the company's shares changed hands so far today vs. its average volume of 332,475 shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

Among the areas that are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BV

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