-$0.27 Earnings Per Share Expected for Blucora Inc (NASDAQ:BCOR) This Quarter
Wall Street analysts expect Blucora Inc (NASDAQ:BCOR) to report earnings per share of ($0.27) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Blucora’s earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.27). Blucora also reported earnings of ($0.27) per share in the same quarter last year. The business is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that Blucora will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.08 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.64 to $1.65. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Blucora.
Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million for the quarter, compared to analyst estimates of $136.07 million. Blucora had a return on equity of 2.56% and a net margin of 2.50%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS.
BCOR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 2nd. Craig Hallum restated a “buy” rating on shares of Blucora in a research note on Thursday, May 4th. Benchmark Co. boosted their target price on Blucora from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 5th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Barrington Research boosted their target price on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Blucora has a consensus rating of “Buy” and a consensus target price of $25.50.
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Blucora (NASDAQ:BCOR) opened at 22.50 on Monday. The firm’s market capitalization is $1.01 billion. Blucora has a 1-year low of $10.08 and a 1-year high of $24.00. The stock has a 50 day moving average price of $21.11 and a 200 day moving average price of $18.42.
In other news, Director Andrew Miles Snyder sold 79,030 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.24, for a total transaction of $1,678,597.20. Following the completion of the sale, the director now owns 51,986 shares in the company, valued at approximately $1,104,182.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric Michael Emans sold 69,480 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $20.52, for a total value of $1,425,729.60. Following the sale, the chief financial officer now owns 176,177 shares of the company’s stock, valued at approximately $3,615,152.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,309 shares of company stock valued at $9,316,936. 14.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in Blucora by 43.4% in the first quarter. UBS Asset Management Americas Inc. now owns 18,499 shares of the information services provider’s stock valued at $320,000 after buying an additional 5,600 shares during the period. Comerica Bank increased its stake in Blucora by 5.5% in the first quarter. Comerica Bank now owns 42,891 shares of the information services provider’s stock valued at $789,000 after buying an additional 2,221 shares during the period. BNP Paribas Arbitrage SA increased its stake in Blucora by 13.0% in the first quarter. BNP Paribas Arbitrage SA now owns 11,758 shares of the information services provider’s stock valued at $203,000 after buying an additional 1,350 shares during the period. First Trust Advisors LP increased its stake in Blucora by 7.3% in the first quarter. First Trust Advisors LP now owns 1,771,553 shares of the information services provider’s stock valued at $30,648,000 after buying an additional 120,372 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Blucora during the first quarter valued at about $257,000. Institutional investors own 82.98% of the company’s stock.
Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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