Blucora (BCOR) Releases Q1 Earnings Guidance
Blucora (NASDAQ:BCOR) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.92-1.02 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $193.5-198 million, compared to the consensus revenue estimate of $194.61 million.
A number of brokerages recently commented on BCOR. Benchmark reissued a buy rating and issued a $30.00 price target on shares of Blucora in a report on Monday, November 20th. BidaskClub downgraded Blucora from a sell rating to a strong sell rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded Blucora from a hold rating to a strong-buy rating and set a $25.00 price objective on the stock in a research note on Wednesday, November 1st. ValuEngine upgraded Blucora from a hold rating to a buy rating in a research note on Sunday, December 31st. Finally, TheStreet cut Blucora from a b- rating to a c rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Blucora presently has an average rating of Buy and a consensus target price of $27.00.
Shares of Blucora (BCOR) opened at $23.50 on Thursday. Blucora has a one year low of $14.30 and a one year high of $26.15. The stock has a market capitalization of $1,083.96, a P/E ratio of -261.08, a price-to-earnings-growth ratio of 0.71 and a beta of -0.17. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65.
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Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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