$0.88 Earnings Per Share Expected for Blucora (BCOR) This Quarter

Brokerages forecast that Blucora (NASDAQ:BCOR) will announce earnings of $0.88 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Blucora’s earnings, with estimates ranging from $0.86 to $0.90. Blucora posted earnings per share of $0.70 in the same quarter last year, which would suggest a positive year over year growth rate of 25.7%. The company is expected to announce its next quarterly earnings report on Thursday, July 26th.

On average, analysts expect that Blucora will report full year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.88. For the next year, analysts expect that the firm will report earnings of $2.08 per share, with EPS estimates ranging from $1.91 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Blucora.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Wednesday, May 9th. The information services provider reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.23. The business had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $195.65 million. Blucora had a net margin of 7.84% and a return on equity of 13.11%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS.



A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Blucora from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Benchmark restated a “buy” rating and set a $32.00 target price on shares of Blucora in a research note on Friday, February 16th. TheStreet upgraded shares of Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th. Zacks Investment Research cut shares of Blucora from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Blucora currently has a consensus rating of “Buy” and an average price target of $31.65.

Shares of Blucora stock opened at $36.75 on Thursday. The firm has a market cap of $1.73 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.17 and a beta of -0.11. Blucora has a 1-year low of $19.05 and a 1-year high of $37.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.34 and a current ratio of 2.34.

In related news, insider John S. Clendening sold 77,750 shares of Blucora stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.33, for a total transaction of $1,891,657.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John David Palmer sold 6,604 shares of Blucora stock in a transaction on Friday, May 11th. The shares were sold at an average price of $33.00, for a total transaction of $217,932.00. Following the transaction, the insider now owns 11,698 shares in the company, valued at approximately $386,034. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,695 shares of company stock worth $6,897,211. 2.91% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Blucora in the 1st quarter valued at $119,000. US Bancorp DE increased its holdings in Blucora by 697.0% in the 4th quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock valued at $181,000 after acquiring an additional 7,158 shares during the last quarter. Cim Investment Mangement Inc. bought a new stake in Blucora in the 1st quarter valued at $206,000. Miles Capital Inc. bought a new stake in Blucora in the 1st quarter valued at $219,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Blucora in the 4th quarter valued at $206,000. Institutional investors own 97.17% of the company’s stock.

About Blucora

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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