Wall Street brokerages expect Instructure Inc (NYSE:INST) to announce $57.24 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Instructure’s earnings, with the highest sales estimate coming in at $57.50 million and the lowest estimate coming in at $56.97 million. Instructure posted sales of $47.99 million in the same quarter last year, which suggests a positive year over year growth rate of 19.3%. The firm is expected to report its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Instructure will report full year sales of $256.73 million for the current financial year, with estimates ranging from $255.00 million to $258.45 million. For the next financial year, analysts expect that the business will report sales of $311.16 million, with estimates ranging from $301.26 million to $325.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Instructure.

Instructure (NYSE:INST) last released its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.14. The business had revenue of $56.25 million for the quarter, compared to analyst estimates of $55.79 million. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. Instructure’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) earnings per share.

Several brokerages have recently weighed in on INST. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. ValuEngine lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Raymond James lowered shares of Instructure from a “strong-buy” rating to an “outperform” rating in a report on Monday, January 14th. Barrington Research reiterated a “buy” rating and set a $50.00 price objective on shares of Instructure in a report on Wednesday, January 9th. Finally, TheStreet upgraded shares of Instructure from a “d” rating to a “c” rating in a report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Instructure has a consensus rating of “Hold” and a consensus price target of $45.88.

INST stock traded up $0.91 during midday trading on Thursday, hitting $45.99. The stock had a trading volume of 147,680 shares, compared to its average volume of 390,585. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -37.39 and a beta of 0.57. Instructure has a 1-year low of $29.48 and a 1-year high of $49.17.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INST. Quantamental Technologies LLC purchased a new stake in shares of Instructure during the 4th quarter valued at $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Instructure by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after buying an additional 481 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Instructure during the 3rd quarter valued at $162,000. Legal & General Group Plc raised its position in shares of Instructure by 23.7% during the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after buying an additional 1,153 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Instructure during the 3rd quarter valued at $231,000. 90.89% of the stock is owned by institutional investors.

Instructure Company Profile

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K–12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K–12 schools.

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