Blucora (NASDAQ:BCOR) Updates Q1 Earnings Guidance

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Blucora (NASDAQ:BCOR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.52-1.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.57. The company issued revenue guidance of $271.0-281.5 million, compared to the consensus revenue estimate of $288.39 million.Blucora also updated its Q1 2020
Pre-Market guidance to 1.52-1.64 EPS.

Blucora stock opened at $21.97 on Friday. The company has a market capitalization of $1.10 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.59 and a beta of 0.78. The firm’s fifty day simple moving average is $23.47 and its 200-day simple moving average is $22.85. The company has a current ratio of 1.49, a quick ratio of 1.84 and a debt-to-equity ratio of 0.60. Blucora has a 1-year low of $18.40 and a 1-year high of $37.17.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Wednesday, February 19th. The information services provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. The business had revenue of $149.40 million for the quarter, compared to the consensus estimate of $150.11 million. Blucora had a net margin of 6.71% and a return on equity of 13.89%. Blucora’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) EPS. On average, equities research analysts predict that Blucora will post 1.91 earnings per share for the current year.

BCOR has been the topic of a number of recent research reports. TheStreet downgraded shares of Blucora from a b- rating to a c rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Blucora from an overweight rating to a neutral rating and dropped their target price for the stock from $30.00 to $28.00 in a report on Monday, January 13th. Craig Hallum dropped their target price on shares of Blucora from $40.00 to $30.00 and set an in-line rating on the stock in a report on Thursday, November 7th. Barrington Research reiterated a buy rating and issued a $36.00 target price on shares of Blucora in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Blucora from a sell rating to a hold rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $29.50.

In related news, CEO John S. Clendening sold 14,250 shares of Blucora stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.92, for a total value of $355,110.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

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.

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