Blucora (NASDAQ:BCOR) Issues FY 2021 Earnings Guidance

Blucora (NASDAQ:BCOR) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of 1.340-1.600 for the period, compared to the Thomson Reuters consensus EPS 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.

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

Shares of NASDAQ BCOR traded up $0.51 during trading hours on Friday, hitting $16.17. 217,551 shares of the stock were exchanged, compared to its average volume of 366,219. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.73 and a quick ratio of 2.73. The company’s 50 day moving average is $15.79 and its 200 day moving average is $15.24. The firm has a market capitalization of $782.89 million, a P/E ratio of -2.81, a P/E/G ratio of 0.84 and a beta of 1.64. Blucora has a one year low of $8.37 and a one year high of $18.41.

Blucora (NASDAQ:BCOR) last released its earnings results on Tuesday, May 4th. The information services provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The firm had revenue of $278.40 million during the quarter, compared to analysts’ expectations of $279.12 million. Blucora had a negative net margin of 36.67% and a positive return on equity of 11.19%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. Research analysts anticipate that Blucora will post 0.76 earnings per share for the current fiscal 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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