Analysts Expect Blucora Inc (NASDAQ:BCOR) Will Post Quarterly Sales of $179.30 Million

Wall Street brokerages expect that Blucora Inc (NASDAQ:BCOR) will post sales of $179.30 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Blucora’s earnings, with the highest sales estimate coming in at $203.60 million and the lowest estimate coming in at $154.99 million. Blucora reported sales of $193.74 million during the same quarter last year, which indicates a negative year over year growth rate of 7.5%. The business is expected to issue its next quarterly earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that Blucora will report full year sales of $739.23 million for the current year, with estimates ranging from $734.60 million to $743.86 million. For the next fiscal year, analysts anticipate that the business will report sales of $795.79 million, with estimates ranging from $745.40 million to $846.17 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Blucora.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, May 6th. The information services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.68). The business had revenue of $263.32 million during the quarter, compared to analysts’ expectations of $274.99 million. Blucora had a positive return on equity of 10.75% and a negative net margin of 43.62%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Blucora from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. ValuEngine upgraded shares of Blucora from a “sell” rating to a “hold” rating in a report on Friday, May 8th. TheStreet lowered shares of Blucora from a “c” rating to a “d” rating in a report on Wednesday, May 6th. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “sell” rating in a report on Friday, May 1st. Finally, Barrington Research restated a “buy” rating and issued a $36.00 price target on shares of Blucora in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Blucora currently has an average rating of “Hold” and a consensus price target of $27.25.

A number of institutional investors have recently modified their holdings of BCOR. Advisor Group Holdings Inc. purchased a new stake in shares of Blucora in the 1st quarter valued at $33,000. Islay Capital Management LLC purchased a new stake in shares of Blucora in the 4th quarter valued at $67,000. PNC Financial Services Group Inc. boosted its holdings in shares of Blucora by 228.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,850 shares of the information services provider’s stock valued at $74,000 after acquiring an additional 1,983 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Blucora by 61.9% in the 1st quarter. SG Americas Securities LLC now owns 10,446 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 3,995 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Blucora in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Blucora stock traded up $0.48 during trading hours on Wednesday, hitting $12.99. The company had a trading volume of 289,783 shares, compared to its average volume of 440,471. The firm has a market cap of $598.12 million, a P/E ratio of -1.88, a P/E/G ratio of 0.50 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.36 and a current ratio of 1.36. Blucora has a 1 year low of $8.66 and a 1 year high of $32.20. The company has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $18.09.

Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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