Blucora (BCOR) Updates Q1 Earnings Guidance

Blucora (NASDAQ:BCOR) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.92-1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.06. The company issued revenue guidance of $193.5-198 million, compared to the consensus revenue estimate of $194.61 million.

A number of research firms have issued reports on BCOR. Benchmark reaffirmed a buy rating and issued a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. BidaskClub lowered Blucora from a sell rating to a strong sell rating in a research report on Wednesday, December 6th. Zacks Investment Research raised Blucora from a hold rating to a strong-buy rating and set a $25.00 target price on the stock in a research report on Wednesday, November 1st. ValuEngine raised Blucora from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, TheStreet lowered Blucora from a b- rating to a c rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $27.00.

Shares of Blucora (BCOR) opened at $23.50 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,083.96, a P/E ratio of -261.08, a P/E/G ratio of 0.71 and a beta of -0.17. Blucora has a 12 month low of $14.30 and a 12 month high of $26.15.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Thursday, February 15th. The information services provider reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.13. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company had revenue of $97.85 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. research analysts anticipate that Blucora will post 1.14 EPS for the current year.

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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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