Equities research analysts expect that Blucora Inc (NASDAQ:BCOR) will announce $216.81 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Blucora’s earnings, with the lowest sales estimate coming in at $216.02 million and the highest estimate coming in at $217.60 million. Blucora reported sales of $205.97 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is expected to announce its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Blucora will report full-year sales of $590.51 million for the current financial year, with estimates ranging from $589.20 million to $591.81 million. For the next fiscal year, analysts anticipate that the firm will report sales of $635.58 million, with estimates ranging from $634.35 million to $636.80 million. Zacks’ sales averages are an average based on a survey of research firms that cover Blucora.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Thursday, February 14th. The information services provider reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $101.11 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. Blucora’s quarterly revenue was up 3.6% compared to the same quarter last year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Blucora by 0.9% during the fourth quarter. BlackRock Inc. now owns 6,822,668 shares of the information services provider’s stock valued at $181,756,000 after purchasing an additional 60,122 shares in the last quarter. Vanguard Group Inc. boosted its position in Blucora by 3.1% during the third quarter. Vanguard Group Inc. now owns 4,785,041 shares of the information services provider’s stock valued at $192,597,000 after purchasing an additional 142,023 shares in the last quarter. Vanguard Group Inc boosted its position in Blucora by 3.1% during the third quarter. Vanguard Group Inc now owns 4,785,041 shares of the information services provider’s stock valued at $192,597,000 after purchasing an additional 142,023 shares in the last quarter. Renaissance Technologies LLC boosted its position in Blucora by 12.1% during the third quarter. Renaissance Technologies LLC now owns 2,748,800 shares of the information services provider’s stock valued at $110,639,000 after purchasing an additional 296,200 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Blucora during the fourth quarter valued at about $38,937,000. 97.32% of the stock is currently owned by institutional investors and hedge funds.

BCOR stock traded up $0.06 during midday trading on Monday, reaching $27.99. The company’s stock had a trading volume of 201,800 shares, compared to its average volume of 235,778. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.43. Blucora has a 1 year low of $22.95 and a 1 year high of $41.35. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.41, a PEG 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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