Brokerages Expect Blucora, Inc. (BCOR) Will Announce Earnings of -$0.20 Per Share
Equities analysts expect Blucora, Inc. (NASDAQ:BCOR) to report earnings per share (EPS) of ($0.20) for the current quarter, Zacks reports. Two analysts have made estimates for Blucora’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.19). Blucora reported earnings of ($0.24) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, October 26th.
On average, analysts expect that Blucora will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.40. For the next fiscal year, analysts forecast that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.64 to $1.65. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Blucora.
Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 11.92% and a negative net margin of 8.03%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS.
A number of equities research analysts have commented on BCOR shares. Barrington Research raised their price target on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, August 2nd. BidaskClub raised Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, ValuEngine cut Blucora from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Blucora currently has an average rating of “Buy” and an average target price of $25.50.
Shares of Blucora (BCOR) traded up 0.701% during trading on Friday, reaching $25.125. The company’s stock had a trading volume of 90,038 shares. Blucora has a 12-month low of $10.98 and a 12-month high of $26.15. The company has a 50 day moving average of $24.51 and a 200 day moving average of $21.62. The company’s market cap is $1.13 billion.
Hedge funds have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Blucora by 156.6% in the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after purchasing an additional 363,809 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Blucora by 231.4% in the second quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock worth $3,725,000 after purchasing an additional 122,710 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Blucora by 39.8% in 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 during the last quarter. KBC Group NV bought a new stake in shares of Blucora in the second quarter worth about $1,716,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Blucora by 36.2% in the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after purchasing an additional 429,600 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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