Instructure (INST) Releases Q1 2019 Earnings Guidance

Instructure (NYSE:INST) updated its first quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $-0.16–0.14 for the period, compared to the Thomson Reuters consensus estimate of $-0.16. The company issued revenue guidance of $56.9-57.5 million, compared to the consensus revenue estimate of $59.44 million.Instructure also updated its FY 2019 guidance to $-0.65–0.59 EPS.

Several equities research analysts have recently commented on the company. ValuEngine cut Instructure from a buy rating to a hold rating in a research note on Tuesday, February 12th. Raymond James cut Instructure from a strong-buy rating to an outperform rating in a research note on Monday, January 14th. Barrington Research reissued a buy rating and issued a $50.00 target price on shares of Instructure in a research note on Wednesday, January 9th. Finally, Zacks Investment Research cut Instructure from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Instructure currently has an average rating of Hold and an average target price of $46.10.

Shares of Instructure stock traded down $0.03 during trading on Tuesday, reaching $42.58. 719,015 shares of the company were exchanged, compared to its average volume of 351,401. Instructure has a twelve month low of $29.48 and a twelve month high of $49.17. The stock has a market cap of $1.48 billion, a PE ratio of -24.76 and a beta of 0.49.

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About Instructure

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 K–12 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 K–12 schools.

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