Zacks: Analysts Expect Instructure (INST) to Announce -$0.25 EPS

Wall Street brokerages forecast that Instructure (NYSE:INST) will announce earnings of ($0.25) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Instructure’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.23). Instructure reported earnings per share of ($0.32) in the same quarter last year, which would suggest a positive year over year growth rate of 21.9%. The business is expected to issue its next earnings report on Monday, July 30th.

On average, analysts expect that Instructure will report full-year earnings of ($0.90) per share for the current fiscal year, with EPS estimates ranging from ($0.91) to ($0.87). For the next year, analysts expect that the company will post earnings of ($0.63) per share, with EPS estimates ranging from ($0.75) to ($0.51). Zacks’ EPS averages are a mean average based on a survey of analysts that cover Instructure.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, April 30th. The technology company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.02. The firm had revenue of $47.99 million for the quarter, compared to analyst estimates of $47.12 million. Instructure had a negative return on equity of 162.98% and a negative net margin of 28.33%. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share.

Several equities analysts have issued reports on the company. William Blair reiterated a “market perform” rating on shares of Instructure in a research note on Tuesday, May 1st. ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Morgan Stanley lifted their target price on Instructure from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, May 1st. Barrington Research reiterated a “buy” rating and issued a $50.00 target price on shares of Instructure in a research note on Tuesday, May 1st. Finally, Zacks Investment Research upgraded Instructure from a “sell” rating to a “hold” rating and set a $47.00 target price on the stock in a research note on Wednesday, April 18th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.70.

Shares of Instructure stock traded up $0.60 during trading on Thursday, hitting $43.25. 9,358 shares of the stock traded hands, compared to its average volume of 221,507. The firm has a market cap of $1.46 billion, a P/E ratio of -25.20 and a beta of 1.02. Instructure has a 52-week low of $42.70 and a 52-week high of $43.40.

In other Instructure news, COO Mitch Macfarlane sold 5,445 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.07, for a total value of $201,846.15. Following the completion of the sale, the chief operating officer now owns 50,526 shares of the company’s stock, valued at $1,872,998.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William M. Conroy sold 5,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $45.88, for a total value of $252,340.00. Following the completion of the sale, the director now directly owns 33,197 shares of the company’s stock, valued at approximately $1,523,078.36. The disclosure for this sale can be found here. Insiders sold 56,945 shares of company stock worth $2,295,866 in the last quarter. 10.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Instructure in the first quarter worth about $101,000. First Mercantile Trust Co. acquired a new stake in Instructure in the first quarter worth about $139,000. Teacher Retirement System of Texas acquired a new stake in Instructure in the first quarter worth about $266,000. Macquarie Group Ltd. acquired a new stake in Instructure in the fourth quarter worth about $258,000. Finally, Invictus RG acquired a new stake in Instructure in the fourth quarter worth about $273,000. 75.85% of the stock is owned by institutional investors and hedge funds.

Instructure Company Profile

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.

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Earnings History and Estimates for Instructure (NYSE:INST)

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