Brokerages predict that Blucora, Inc. (NASDAQ:BCOR) will announce $89.30 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Blucora’s earnings, with the lowest sales estimate coming in at $88.60 million and the highest estimate coming in at $90.00 million. Blucora posted sales of $83.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.

On average, analysts expect that Blucora will report full-year sales of $89.30 million for the current fiscal year, with estimates ranging from $501.34 million to $502.00 million. For the next year, analysts anticipate that the firm will post sales of $534.47 million per share, with estimates ranging from $531.00 million to $537.94 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Blucora.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $136.07 million. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. Blucora’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share.

A number of equities analysts have weighed in on BCOR shares. Barrington Research lifted their price objective on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. ValuEngine lowered Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Blucora presently has an average rating of “Buy” and an average price target of $25.50.

In other news, CFO Eric Michael Emans sold 89,800 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $21.65, for a total transaction of $1,944,170.00. Following the sale, the chief financial officer now owns 154,897 shares of the company’s stock, valued at $3,353,520.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.10% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department grew its stake in shares of Blucora by 9.9% during the first quarter. State of Tennessee Treasury Department now owns 36,123 shares of the information services provider’s stock worth $625,000 after purchasing an additional 3,248 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Blucora by 39.8% during the first quarter. Ameriprise Financial Inc. now owns 273,460 shares of the information services provider’s stock worth $4,731,000 after purchasing an additional 77,897 shares in the last quarter. Credit Agricole S A grew its stake in shares of Blucora by 30,966.7% during the first quarter. Credit Agricole S A now owns 932 shares of the information services provider’s stock worth $356,000 after purchasing an additional 929 shares in the last quarter. KBC Group NV acquired a new position in shares of Blucora during the second quarter worth $1,716,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Blucora by 49.7% during the second quarter. Russell Investments Group Ltd. now owns 252,158 shares of the information services provider’s stock worth $5,346,000 after purchasing an additional 83,752 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors and hedge funds.

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Blucora (BCOR) traded down 0.321% during mid-day trading on Friday, reaching $23.325. The company’s stock had a trading volume of 201,070 shares. Blucora has a one year low of $10.27 and a one year high of $24.00. The stock has a 50-day moving average price of $23.03 and a 200-day moving average price of $20.11. The company’s market capitalization is $1.05 billion.

About Blucora

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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