Wall Street brokerages predict that Instructure Inc (NYSE:INST) will announce sales of $55.84 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Instructure’s earnings, with estimates ranging from $55.70 million to $56.05 million. Instructure posted sales of $43.84 million in the same quarter last year, which suggests a positive year over year growth rate of 27.4%. The business is expected to announce its next earnings results on Monday, February 11th.
According to Zacks, analysts expect that Instructure will report full year sales of $209.13 million for the current fiscal year, with estimates ranging from $209.00 million to $209.34 million. For the next fiscal year, analysts anticipate that the firm will post sales of $259.51 million, with estimates ranging from $252.53 million to $266.58 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Instructure.
Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.26. The firm had revenue of $55.24 million during the quarter, compared to the consensus estimate of $53.93 million. Instructure had a negative return on equity of 49.49% and a negative net margin of 24.15%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) EPS.
Institutional investors and hedge funds have recently bought and sold shares of the company. EastBay Asset Management LLC purchased a new position in shares of Instructure during the third quarter valued at approximately $12,114,000. Voya Investment Management LLC boosted its position in shares of Instructure by 5,104.5% during the second quarter. Voya Investment Management LLC now owns 485,322 shares of the technology company’s stock valued at $20,650,000 after purchasing an additional 475,997 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Instructure by 63.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 551,559 shares of the technology company’s stock valued at $19,525,000 after purchasing an additional 213,125 shares in the last quarter. Pacific Grove Capital LP boosted its position in shares of Instructure by 105.0% during the second quarter. Pacific Grove Capital LP now owns 82,000 shares of the technology company’s stock valued at $3,489,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Instructure by 121.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,701 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of INST traded down $0.28 during trading hours on Friday, reaching $40.51. 150,300 shares of the company’s stock traded hands, compared to its average volume of 354,100. The company has a market cap of $1.43 billion, a PE ratio of -23.55 and a beta of 0.51. Instructure has a 12 month low of $29.48 and a 12 month high of $49.17.
Instructure Company Profile
Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K12 schools.
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