Blucora (NASDAQ:BCOR) updated its FY21 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.50-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.45. The company issued revenue guidance of $855.0-876.0, compared to the consensus revenue estimate of $855.86 million.Blucora also updated its FY 2021 guidance to $1.500-1.700 EPS.
A number of equities research analysts recently issued reports on BCOR shares. Benchmark boosted their target price on shares of Blucora from $21.00 to $24.00 and gave the company a buy rating in a report on Wednesday. Zacks Investment Research cut Blucora from a hold rating to a strong sell rating in a report on Monday, May 17th. Finally, JPMorgan Chase & Co. initiated coverage on Blucora in a research note on Thursday, April 1st. They issued an overweight rating and a $22.00 price objective on the stock.
Shares of BCOR opened at $18.06 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.07 and a quick ratio of 2.07. Blucora has a 12-month low of $8.37 and a 12-month high of $18.83. The stock’s fifty day moving average price is $16.19. The company has a market capitalization of $874.39 million, a PE ratio of -1,806.00, a PEG ratio of 1.11 and a beta of 1.64.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Tuesday, May 4th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.08. Blucora had a net margin of 0.05% and a return on equity of 13.35%. The company had revenue of $278.40 million for the quarter, compared to the consensus estimate of $279.12 million. During the same period last year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts predict that Blucora will post 1.02 EPS for the current year.
Blucora Company Profile
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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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