Brokerages Expect Blucora Inc (BCOR) to Announce -$0.17 EPS

Wall Street analysts expect Blucora Inc (NASDAQ:BCOR) to announce earnings of ($0.17) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Blucora’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.19). Blucora reported earnings per share of ($0.12) during the same quarter last year, which suggests a negative year over year growth rate of 41.7%. The company is scheduled to report its next earnings report before the market opens on Wednesday, October 31st.

On average, analysts expect that Blucora will report full year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.91. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.21 per share, with EPS estimates ranging from $2.18 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Blucora.

Blucora (NASDAQ:BCOR) last released its earnings results on Wednesday, August 1st. The information services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The firm had revenue of $157.80 million for the quarter, compared to analyst estimates of $154.46 million. Blucora had a return on equity of 14.82% and a net margin of 13.31%. Blucora’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share.



A number of research analysts recently issued reports on BCOR shares. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, August 6th. BidaskClub lowered Blucora from a “hold” rating to a “sell” rating in a report on Friday, September 7th. JPMorgan Chase & Co. raised Blucora from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $42.00 to $45.00 in a report on Friday, September 28th. Finally, Barrington Research reaffirmed a “buy” rating and set a $40.00 target price on shares of Blucora in a report on Monday, October 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Blucora has an average rating of “Buy” and an average target price of $38.21.

In related news, insider John David Palmer sold 3,753 shares of Blucora stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $36.00, for a total value of $135,108.00. Following the transaction, the insider now owns 8,375 shares of the company’s stock, valued at approximately $301,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H. Mcintyre Gardner sold 2,300 shares of Blucora stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $35.70, for a total value of $82,110.00. Following the completion of the transaction, the director now directly owns 14,717 shares in the company, valued at approximately $525,396.90. The disclosure for this sale can be found here. Insiders sold a total of 124,786 shares of company stock worth $4,257,639 in the last three months. 2.91% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Blucora in the 2nd quarter worth about $103,000. Legal & General Group Plc increased its stake in Blucora by 2.9% in the 1st quarter. Legal & General Group Plc now owns 97,001 shares of the information services provider’s stock worth $2,369,000 after purchasing an additional 2,761 shares in the last quarter. New York State Teachers Retirement System boosted its position in Blucora by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 129,215 shares of the information services provider’s stock worth $4,781,000 after acquiring an additional 3,330 shares during the period. Rhumbline Advisers boosted its position in Blucora by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 112,889 shares of the information services provider’s stock worth $4,177,000 after acquiring an additional 3,569 shares during the period. Finally, Swiss National Bank boosted its position in Blucora by 4.8% during the 2nd quarter. Swiss National Bank now owns 78,000 shares of the information services provider’s stock worth $2,886,000 after acquiring an additional 3,600 shares during the period. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:BCOR traded up $0.09 during mid-day trading on Friday, reaching $31.51. 383,159 shares of the stock were exchanged, compared to its average volume of 456,427. The firm has a market cap of $1.50 billion, a P/E ratio of 25.83, a PEG ratio of 1.12 and a beta of -0.22. Blucora has a 1-year low of $19.05 and a 1-year high of $41.35. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.41.

About Blucora

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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