Brokerages Anticipate Blucora Inc (BCOR) to Post -$0.24 Earnings Per Share

Analysts predict that Blucora Inc (NASDAQ:BCOR) will post earnings of ($0.24) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Blucora’s earnings, with estimates ranging from ($0.25) to ($0.23). Blucora posted earnings of ($0.18) per share during the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The firm is expected to report its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Blucora will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.40. For the next financial year, analysts forecast that the company will report earnings of $1.65 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Blucora.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The firm had revenue of $90.20 million for the quarter, compared to analyst estimates of $89.72 million. During the same period last year, the company earned ($0.24) EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.

BCOR has been the topic of a number of research reports. Zacks Investment Research upgraded Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, November 1st. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. BidaskClub downgraded Blucora from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Finally, ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Blucora presently has an average rating of “Hold” and an average target price of $27.00.

Shares of Blucora (NASDAQ:BCOR) traded down $0.10 during trading hours on Monday, reaching $22.65. The company’s stock had a trading volume of 239,780 shares, compared to its average volume of 394,800. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. Blucora has a 12-month low of $14.25 and a 12-month high of $26.15. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 755.00, a price-to-earnings-growth ratio of 0.69 and a beta of -0.32.

Several large investors have recently made changes to their positions in BCOR. Sei Investments Co. raised its holdings in shares of Blucora by 15,869.2% during the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after buying an additional 4,126 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Blucora during the 3rd quarter valued at about $124,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Blucora during the 2nd quarter valued at about $179,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Blucora by 7.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after buying an additional 620 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Blucora during the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 90.58% of the company’s stock.

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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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