Equities analysts expect Blucora Inc (NASDAQ:BCOR) to report sales of $92.30 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Blucora’s earnings, with the highest sales estimate coming in at $93.00 million and the lowest estimate coming in at $91.60 million. Blucora reported sales of $86.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The company is expected to report its next earnings results on Thursday, February 15th.

On average, analysts expect that Blucora will report full year sales of $92.30 million for the current fiscal year, with estimates ranging from $503.31 million to $504.70 million. For the next fiscal year, analysts forecast that the company will post sales of $534.50 million per share, with estimates ranging from $533.00 million to $535.99 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Blucora.

Blucora (NASDAQ:BCOR) last posted its earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.07. The business had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned ($0.24) EPS.

BCOR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research report on Sunday. BidaskClub downgraded shares of Blucora from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Finally, TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Blucora presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Blucora (BCOR) opened at $22.75 on Wednesday. The stock has a market cap of $1,020.00, a P/E ratio of 758.33, a PEG ratio of 0.97 and a beta of -0.32. Blucora has a 1 year low of $14.25 and a 1 year high of $26.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Blucora by 28.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock valued at $98,148,000 after acquiring an additional 1,013,363 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Blucora by 156.6% in the 2nd quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock valued at $12,638,000 after acquiring an additional 363,809 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Blucora by 1.0% in the 2nd quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock valued at $1,582,000 after acquiring an additional 717 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Blucora by 231.4% in the 2nd quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock valued at $3,725,000 after acquiring an additional 122,710 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Blucora by 36.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock valued at $34,242,000 after acquiring an additional 429,600 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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Blucora Company Profile

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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