Zacks: Analysts Anticipate Instructure, Inc. (INST) Will Post Earnings of -$0.28 Per Share

Wall Street brokerages expect Instructure, Inc. (NYSE:INST) to report ($0.28) earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Instructure’s earnings, with estimates ranging from ($0.29) to ($0.27). Instructure reported earnings per share of ($0.35) during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is scheduled to report its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Instructure will report full year earnings of ($1.20) per share for the current financial year, with EPS estimates ranging from ($1.21) to ($1.19). For the next year, analysts anticipate that the business will report earnings of ($0.82) per share, with EPS estimates ranging from ($1.05) to ($0.60). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Instructure.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. The firm had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. Instructure’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS.

A number of brokerages recently weighed in on INST. BidaskClub upgraded shares of Instructure from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. William Blair began coverage on shares of Instructure in a research note on Thursday, October 26th. They set a “market perform” rating for the company. Oppenheimer reiterated a “buy” rating and set a $41.00 price target (up previously from $38.00) on shares of Instructure in a research note on Tuesday, October 31st. Finally, Jefferies Group increased their price target on shares of Instructure to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.00.

In other news, EVP Marc T. Maloy sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.52, for a total value of $67,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Collins sold 5,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.86, for a total transaction of $169,300.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $169,300. The disclosure for this sale can be found here. Insiders sold a total of 67,867 shares of company stock valued at $2,336,055 in the last 90 days. Company insiders own 62.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Instructure by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock valued at $70,769,000 after purchasing an additional 84,856 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Instructure by 69.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 104,020 shares of the technology company’s stock valued at $3,069,000 after purchasing an additional 42,493 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in shares of Instructure in the 2nd quarter valued at about $1,002,000. Vanguard Group Inc. increased its holdings in Instructure by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 474,732 shares of the technology company’s stock valued at $11,109,000 after acquiring an additional 83,381 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Instructure by 30.6% during the 1st quarter. Geode Capital Management LLC now owns 54,470 shares of the technology company’s stock valued at $1,274,000 after acquiring an additional 12,750 shares in the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

Shares of Instructure (NYSE:INST) traded down $0.35 during trading hours on Tuesday, reaching $33.25. 71,331 shares of the company were exchanged, compared to its average volume of 245,913. The firm has a market cap of $997.47, a PE ratio of -18.79 and a beta of 1.77. Instructure has a 12-month low of $18.90 and a 12-month high of $36.60.

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Instructure Company Profile

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

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Earnings History and Estimates for Instructure (NYSE:INST)

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