Blucora, Inc. (BCOR) Releases Q4 Earnings Guidance

Blucora, Inc. (NASDAQ:BCOR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of (0.26)-(0.19) for the period, compared to the Thomson Reuters consensus estimate of ($0.17). The company issued revenue guidance of $90-93.2 million, compared to the consensus revenue estimate of $91.94 million.

Shares of Blucora, Inc. (BCOR) opened at 23.825 on Friday. Blucora, Inc. has a one year low of $11.85 and a one year high of $26.15. The company’s market capitalization is $1.07 billion. The company has a 50-day moving average price of $24.71 and a 200 day moving average price of $21.88.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. The business had revenue of $90.20 million during the quarter, compared to analyst estimates of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. On average, analysts forecast that Blucora, Inc. will post $1.38 EPS for the current fiscal year.

A number of brokerages have recently commented on BCOR. ValuEngine lowered shares of Blucora from a buy rating to a hold rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Blucora from a buy rating to a hold rating in a research report on Thursday, September 28th. BidaskClub raised shares of Blucora from a buy rating to a strong-buy rating in a research report on Saturday, August 12th. Finally, Barrington Research upped their price objective on shares of Blucora from $23.00 to $28.00 and gave the company an outperform rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $25.50.

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Blucora Company Profile

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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