Wall Street analysts expect Blucora Inc (NASDAQ:BCOR) to report sales of $216.81 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Blucora’s earnings. The highest sales estimate is $217.60 million and the lowest is $216.02 million. Blucora reported sales of $205.97 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is expected to issue its next earnings results on Wednesday, May 8th.

On average, analysts expect that Blucora will report full year sales of $590.51 million for the current year, with estimates ranging from $589.20 million to $591.81 million. For the next fiscal year, analysts expect that the firm will post sales of $635.58 million, with estimates ranging from $634.35 million to $636.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Blucora.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, February 14th. The information services provider reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.02. Blucora had a return on equity of 13.95% and a net margin of 8.98%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $101.11 million. During the same period last year, the company earned ($0.12) earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Blucora from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Finally, Barrington Research restated a “buy” rating on shares of Blucora in a research report on Friday, February 1st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.54.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in Blucora during the fourth quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Blucora by 23.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock worth $90,000 after purchasing an additional 650 shares during the period. LS Investment Advisors LLC grew its stake in Blucora by 297.8% during the fourth quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock worth $143,000 after purchasing an additional 4,026 shares during the period. Pacer Advisors Inc. acquired a new stake in Blucora during the third quarter worth approximately $214,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Blucora during the fourth quarter worth approximately $214,000. Institutional investors own 97.32% of the company’s stock.

Shares of BCOR traded down $0.01 during mid-day trading on Monday, reaching $28.37. 211,476 shares of the company were exchanged, compared to its average volume of 241,770. Blucora has a 52 week low of $22.95 and a 52 week high of $41.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.83 and a beta of 0.53.

Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals 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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