Brokerages Expect Blucora Inc (NASDAQ:BCOR) to Announce $0.72 Earnings Per Share

Analysts expect Blucora Inc (NASDAQ:BCOR) to post earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Blucora’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.67. Blucora posted earnings of $0.83 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The company is expected to announce its next earnings report on Wednesday, August 5th.

On average, analysts expect that Blucora will report full year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $2.34. For the next year, analysts forecast that the business will post earnings of $2.18 per share, with EPS estimates ranging from $1.86 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Blucora.

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

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

Shares of BCOR traded up $0.48 during trading hours on Monday, reaching $12.99. 289,783 shares of the company traded hands, compared to its average volume of 440,471. The stock has a market capitalization 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 quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.27. Blucora has a 12-month low of $8.66 and a 12-month high of $32.20. The business has a fifty day moving average price of $12.75 and a 200-day moving average price of $18.09.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Tennessee Treasury Department grew its holdings in Blucora by 16.2% in the first quarter. State of Tennessee Treasury Department now owns 45,728 shares of the information services provider’s stock valued at $551,000 after purchasing an additional 6,371 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Blucora by 182.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,880,842 shares of the information services provider’s stock valued at $34,714,000 after purchasing an additional 1,859,867 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Blucora in the first quarter valued at $324,000. Advisor Group Holdings Inc. purchased a new position in shares of Blucora in the first quarter valued at $33,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Blucora in the first quarter valued at $377,000. Institutional investors own 95.16% of the company’s stock.

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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