Blucora (NASDAQ:BCOR) Issues Q1 2020 Pre-Market Earnings Guidance

Blucora (NASDAQ:BCOR) updated its first quarter 2020
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 1.52-1.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57. The company issued revenue guidance of $271-281.5 million, compared to the consensus revenue estimate of $288.39 million.Blucora also updated its Q1 guidance to $1.52-1.64 EPS.

NASDAQ BCOR traded up $0.26 during mid-day trading on Thursday, hitting $22.47. The company’s stock had a trading volume of 689,379 shares, compared to its average volume of 379,859. The company’s 50 day simple moving average is $23.62 and its 200 day simple moving average is $22.91. Blucora has a twelve month low of $18.40 and a twelve month high of $37.17. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 107.00, a PEG ratio of 0.57 and a beta of 0.78.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Wednesday, February 19th. The information services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.12. Blucora had a net margin of 2.22% and a return on equity of 13.87%. The business had revenue of $149.40 million during the quarter, compared to the consensus estimate of $150.11 million. During the same quarter last year, the firm posted ($0.16) EPS. Blucora’s revenue was up 47.5% compared to the same quarter last year. As a group, research analysts forecast that Blucora will post 1.64 EPS for the current year.

Several analysts recently issued reports on BCOR shares. Zacks Investment Research raised shares of Blucora from a sell rating to a hold rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of Blucora from an overweight rating to a neutral rating and reduced their price target for the company from $30.00 to $28.00 in a research report on Monday, January 13th. BidaskClub downgraded shares of Blucora from a buy rating to a hold rating in a research report on Friday, January 17th. Craig Hallum reduced their price target on shares of Blucora from $40.00 to $30.00 and set an in-line rating for the company in a research report on Thursday, November 7th. Finally, Barrington Research reissued a buy rating and issued a $36.00 price target on shares of Blucora in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

About Blucora

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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