Brokerages expect Instructure, Inc. (NYSE:INST) to announce earnings of ($0.28) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Instructure’s earnings, with the highest EPS estimate coming in at ($0.27) and the lowest estimate coming in at ($0.29). Instructure reported earnings of ($0.35) per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The business is scheduled to issue its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that Instructure will report full-year earnings of ($1.20) per share for the current fiscal year, with EPS estimates ranging from ($1.21) to ($1.19). For the next year, analysts anticipate that the business will report earnings of ($0.82) per share, with EPS estimates ranging from ($1.05) to ($0.60). Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Instructure.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.04. The business had revenue of $42.95 million for the quarter, compared to the consensus estimate of $40.57 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. Instructure’s revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) EPS.

Several research analysts have recently commented on the company. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, December 1st. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Instructure in a report on Sunday, October 1st. BidaskClub downgraded Instructure from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $38.00.

In other Instructure news, Director William M. Conroy sold 8,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $33.94, for a total transaction of $271,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Kaminer sold 3,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $34.61, for a total transaction of $103,830.00. Following the sale, the senior vice president now owns 16,146 shares of the company’s stock, valued at approximately $558,813.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,867 shares of company stock worth $2,269,015. Company insiders own 62.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Instructure by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after acquiring an additional 220,778 shares during the last quarter. Whale Rock Capital Management LLC raised its position in shares of Instructure by 27.6% during the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after acquiring an additional 306,964 shares during the last quarter. SQN Investors LP raised its position in shares of Instructure by 89.3% during the 2nd quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock valued at $39,646,000 after acquiring an additional 633,875 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Instructure by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares in the last quarter. Finally, FMR LLC increased its position in shares of Instructure by 45.9% in the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

Shares of Instructure (INST) traded up $0.65 on Thursday, hitting $33.95. The stock had a trading volume of 163,182 shares, compared to its average volume of 127,778. The firm has a market cap of $1,010.86, a P/E ratio of -19.18 and a beta of 1.78. Instructure has a fifty-two week low of $20.25 and a fifty-two week high of $36.60.

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Instructure Company Profile

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

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Earnings History and Estimates for Instructure (NYSE:INST)

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