Blucora (NASDAQ:BCOR) updates fiscal 2022 earnings guidance

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Blucora (NASDAQ:BCOR – Get a score) on Tuesday morning issued an update on its fiscal 2022 earnings guidance. The company provided EPS guidance of $1.71 to $1.90 for the period, compared to the consensus earnings per share estimate of $1.83. The company issued revenue guidance of $892.50 million to $916.00 million, compared to the consensus revenue estimate of $953.84 million.

Wall Street analysts expect growth

Several equities analysts have commented on BCOR shares. StockNews.com cut shares of Blucora from a buy rating to a hold rating in a research report on Tuesday, August 9th. Cantor Fitzgerald began coverage on shares of Blucora in a report on Monday, July 11th. They set an overweight rating and a $22.00 price target for the company.

Blucora stock 0.5%

BCOR traded up $0.11 during trading on Tuesday, reaching $22.47. The stock had a trading volume of 615 shares, compared to its average volume of 337,269. Blucora has a one year low of $14.59 and a one year high of $22.76. The company has a current ratio of 2.60, a quick ratio of 2.60, and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average is $18.92, and its two-hundred-day moving average is $18.72. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 1.09 and a beta of 1.31.

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Blucora (NASDAQ:BCOR – Get a score) last published its results on Monday, August 8. The information services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.05). The business had revenue of $256.88 million for the quarter, compared to the consensus estimate of $256.67 million. Blucora had a net margin of 2.46% and a return on equity of 14.85%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. As a group, analysts expect that Blucora will post 1.38 earnings per share for the current year.

Institutional inputs and outputs

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in shares of Blucora by 104.3% during the first quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 1,499 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Blucora during the first quarter valued at $302,000. MetLife Investment Management LLC raised its stake in shares of Blucora by 53.2% during the first quarter. MetLife Investment Management LLC now owns 26,891 shares of the information services provider’s stock valued at $526,000 after purchasing an additional 9,336 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Blucora by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,000 shares of the information services provider’s stock worth $821,000 after buying an additional 5,178 shares during the last quarter. Finally, Citigroup Inc. raised its stake in Blucora by 12.6% during the 1st quarter. Citigroup Inc. now owns 42,174 shares of the information services provider’s stock worth $825,000 after buying an additional 4,707 shares during the last quarter. 94.34% of the shares are owned by institutional investors.

About Blucora

(Get a score)

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 provides an integrated platform of brokerage, investment advisory and insurance services to financial advisors.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!