BigCommerce HoldingsNASDAQ: BIGC

Buying into undervalued companies in the information technology sector can be a good opportunity, as these stocks are currently oversold.

BigCommerce Holdings, Inc. will release its first quarter financial results on May 9, 2024, with a conference call and webcast to follow at 7:00 a.m.

While the top- and bottom-line numbers for BigCommerce (BIGC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

BigCommerce (BIGC) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.10 per share a year ago.

BigCommerce has introduced a new storefront technology that aims to simplify the process of building online stores using a composable architecture.  The new Catalyst is designed for mid-market and enterprise B2C and B2B brands and retailers, and combines popular headless technologies and best practices, the Open Software-as-a-Service (SaaS) eCommerce platform said in a Thursday (Feb.

BigCommerce and Marketplacer have partnered to enable BigCommerce customers to transform their online stores into multi-vendor marketplaces.  With the BigCommerce Marketplace Connector enabled by this partnership, BigCommerce customers can allow third-party sellers to list and sell products from their stores, the companies said in a Monday (Jan. 8) press release.

BigCommerce's shares fell after presenting Q3 results, despite making progress in terms of cutting costs. The company is focused on the enterprise market segment, with strong growth in annual recurring revenues. BigCommerce is nearing profitability, with declining expenses and a positive operating income margin possible for FY 2024.

BigCommerce says it expects the “headwinds” plaguing its industry to persist into 2024. In order to maintain growth and improve its go-to-market approach in that environment, the eCommerce platform announced a restructuring in its quarterly earnings report Wednesday (Nov. 8) that will impact 7% of its workforce.

BigCommerce (BIGC) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.15 per share a year ago.