Blucora (NASDAQ:BCOR) Updates FY 2021 Earnings Guidance

Blucora (NASDAQ:BCOR) updated its FY 2021 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.340-1.600 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.310. The company issued revenue guidance of $844 million-$867.50 million, compared to the consensus revenue estimate of $827.06 million.Blucora also updated its Q2 2021 guidance to 0.940-1.110 EPS.

A number of research firms recently commented on BCOR. Zacks Investment Research downgraded Blucora from a buy rating to a hold rating in a research report on Tuesday, April 20th. Barrington Research boosted their target price on Blucora from $16.00 to $19.00 and gave the stock an outperform rating in a research report on Wednesday, February 17th. Finally, JPMorgan Chase & Co. assumed coverage on Blucora in a research report on Thursday, April 1st. They issued an overweight rating and a $22.00 target price on the stock.

NASDAQ BCOR traded up $0.51 during trading hours on Friday, hitting $16.17. 217,551 shares of the company were exchanged, compared to its average volume of 366,219. The stock has a 50-day moving average price of $15.79 and a 200 day moving average price of $15.24. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 1.54. Blucora has a 52 week low of $8.37 and a 52 week high of $18.41. The stock has a market cap of $782.89 million, a PE ratio of -2.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.64.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Tuesday, May 4th. The information services provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The company had revenue of $278.40 million for the quarter, compared to analysts’ expectations of $279.12 million. Blucora had a positive return on equity of 11.19% and a negative net margin of 36.67%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, sell-side analysts anticipate that Blucora will post 0.76 earnings per share 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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