Equities research analysts expect Blucora Inc (NASDAQ:BCOR) to report sales of $92.30 million for the current quarter, according to Zacks. Two analysts have issued estimates for Blucora’s earnings, with estimates ranging from $91.60 million to $93.00 million. Blucora reported sales of $86.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to report its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Blucora will report full year sales of $92.30 million for the current fiscal year, with estimates ranging from $503.31 million to $504.70 million. For the next year, analysts expect that the firm will report sales of $534.50 million per share, with estimates ranging from $533.00 million to $535.99 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Blucora.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter last year, the firm earned ($0.24) earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Blucora from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub raised Blucora from a “strong sell” rating to a “sell” rating in a report on Saturday, December 16th. ValuEngine raised Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. TheStreet cut Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $30.00 price target on shares of Blucora in a report on Monday, November 20th. One investment 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. The company currently has a consensus rating of “Hold” and an average price target of $27.00.
Blucora (NASDAQ BCOR) traded up $0.05 during trading hours on Wednesday, hitting $22.70. The company had a trading volume of 189,046 shares, compared to its average volume of 449,694. Blucora has a 12-month low of $14.25 and a 12-month high of $26.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $1,050.00, a PE ratio of 756.67, a PEG ratio of 0.69 and a beta of -0.32.
Hedge funds have recently bought and sold shares of the business. Sei Investments Co. increased its stake in Blucora by 15,869.2% during the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after acquiring an additional 4,126 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Blucora during the third quarter worth $124,000. C M Bidwell & Associates Ltd. acquired a new stake in Blucora during the second quarter worth $179,000. Trexquant Investment LP acquired a new stake in Blucora during the third quarter worth $201,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Blucora during the third quarter worth $204,000. 90.58% of the stock is owned by institutional investors.
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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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