Equities analysts predict that Instructure Inc (NYSE:INST) will announce sales of $55.73 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Instructure’s earnings, with the lowest sales estimate coming in at $55.40 million and the highest estimate coming in at $56.05 million. Instructure posted sales of $43.84 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.1%. The company is expected to announce its next quarterly earnings results on Monday, February 11th.
According to Zacks, analysts expect that Instructure will report full year sales of $209.13 million for the current financial year, with estimates ranging from $209.00 million to $209.34 million. For the next financial year, analysts expect that the company will post sales of $260.00 million, with estimates ranging from $252.53 million to $266.58 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Instructure.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.26. The company had revenue of $55.24 million for the quarter, compared to analysts’ expectations of $53.93 million. Instructure had a negative return on equity of 54.63% and a negative net margin of 24.15%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS.
Several analysts have recently issued reports on INST shares. Barrington Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Instructure in a report on Tuesday, October 16th. Morgan Stanley decreased their price objective on Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday. Raymond James decreased their price objective on Instructure from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Tuesday. Oppenheimer reaffirmed a “market perform” rating and set a $41.00 price objective on shares of Instructure in a report on Tuesday, July 31st. Finally, MED cut Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Instructure has an average rating of “Buy” and an average target price of $47.10.
Shares of INST traded down $0.28 during mid-day trading on Thursday, hitting $37.06. 508,554 shares of the stock were exchanged, compared to its average volume of 392,405. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -21.55 and a beta of 0.90. Instructure has a 52-week low of $29.48 and a 52-week high of $49.17.
A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Instructure by 14.0% during the 1st quarter. Northern Trust Corp now owns 269,087 shares of the technology company’s stock worth $11,342,000 after acquiring an additional 33,017 shares during the last quarter. BlackRock Inc. raised its position in shares of Instructure by 4.1% during the first quarter. BlackRock Inc. now owns 1,403,588 shares of the technology company’s stock valued at $59,161,000 after buying an additional 55,147 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Instructure during the first quarter valued at about $547,000. Barclays PLC raised its position in shares of Instructure by 223.8% during the first quarter. Barclays PLC now owns 11,947 shares of the technology company’s stock valued at $504,000 after buying an additional 8,257 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Instructure during the first quarter valued at about $268,000. Institutional investors own 86.30% of the company’s stock.
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 K12 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 K12 schools.
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