Blucora (BCOR) Scheduled to Post Quarterly Earnings on Wednesday

Blucora (NASDAQ:BCOR) will issue its quarterly earnings data before the market opens on Wednesday, May 2nd. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Blucora has set its Q1 guidance at $0.92-1.02 EPS.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, February 15th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.13. Blucora had a return on equity of 11.22% and a net margin of 5.31%. The business had revenue of $97.85 million for the quarter, compared to the consensus estimate of $91.99 million. During the same period last year, the business posted ($0.18) EPS. The business’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Blucora to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Shares of NASDAQ:BCOR opened at $26.20 on Wednesday. Blucora has a 12-month low of $17.75 and a 12-month high of $27.25. The firm has a market capitalization of $1,254.91, a PE ratio of 21.48, a P/E/G ratio of 0.90 and a beta of -0.12. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.62.

In other Blucora news, CEO John S. Clendening sold 35,150 shares of Blucora stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.46, for a total transaction of $859,769.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of Blucora stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $24.03, for a total value of $806,735.16. Following the sale, the chief marketing officer now directly owns 58,882 shares of the company’s stock, valued at approximately $1,414,934.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,789 shares of company stock worth $5,213,266. 14.10% of the stock is owned by company insiders.

BCOR has been the topic of a number of analyst reports. Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Benchmark restated a “buy” rating and set a $32.00 target price on shares of Blucora in a research note on Friday, February 16th. TheStreet upgraded Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th. Finally, Barrington Research restated a “buy” rating on shares of Blucora in a research note on Tuesday, April 3rd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Blucora presently has an average rating of “Buy” and a consensus price target of $25.31.

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Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

Earnings History for Blucora (NASDAQ:BCOR)

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