Blucora (BCOR) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Blucora (NASDAQ:BCOR) issued its earnings results on Thursday. The information services provider reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.13, Bloomberg Earnings reports. The company had revenue of $97.85 million during the quarter, compared to the consensus estimate of $91.99 million. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Blucora updated its Q1 guidance to $0.92-1.02 EPS.

Blucora (NASDAQ BCOR) opened at $23.50 on Thursday. The company has a market capitalization of $1,083.96, a PE ratio of -261.08, a P/E/G ratio of 0.71 and a beta of -0.17. Blucora has a 1-year low of $14.30 and a 1-year high of $26.15. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65.

A number of institutional investors and hedge funds have recently modified their holdings of BCOR. BlackRock Inc. lifted its holdings in Blucora by 4.8% during the 4th quarter. BlackRock Inc. now owns 5,826,130 shares of the information services provider’s stock worth $128,756,000 after buying an additional 268,791 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Blucora by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after buying an additional 1,013,363 shares during the last quarter. First Trust Advisors LP lifted its holdings in Blucora by 28.4% during the 4th quarter. First Trust Advisors LP now owns 2,354,491 shares of the information services provider’s stock worth $52,034,000 after buying an additional 520,957 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Blucora by 11.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,055,700 shares of the information services provider’s stock worth $45,431,000 after buying an additional 217,900 shares during the last quarter. Finally, State Street Corp lifted its holdings in Blucora by 10.9% during the 2nd quarter. State Street Corp now owns 1,036,771 shares of the information services provider’s stock worth $21,978,000 after buying an additional 101,504 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on BCOR. BidaskClub raised Blucora from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. ValuEngine raised Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Benchmark reissued a “buy” rating and issued a $30.00 price target on shares of Blucora in a report on Monday, November 20th. Finally, Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.00.

TRADEMARK VIOLATION WARNING: “Blucora (BCOR) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/15/blucora-bcor-releases-quarterly-earnings-results-beats-expectations-by-0-13-eps.html.

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.

Earnings History for Blucora (NASDAQ:BCOR)

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply