Equities analysts expect Blucora Inc (NASDAQ:BCOR) to report $0.52 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Blucora’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.27. Blucora posted earnings per share of $0.83 during the same quarter last year, which would indicate a negative year-over-year growth rate of 37.3%. The business is expected to announce its next earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that Blucora will report full year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.50. For the next financial year, analysts forecast that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.51 to $1.90. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Blucora.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Wednesday, May 6th. The information services provider reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.68). The company had revenue of $263.32 million for the quarter, compared to analysts’ expectations of $274.99 million. Blucora had a positive return on equity of 10.75% and a negative net margin of 43.62%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS.

BCOR has been the subject of a number of research reports. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 27th. ValuEngine raised Blucora from a “sell” rating to a “hold” rating in a report on Friday, May 8th. TheStreet downgraded Blucora from a “c” rating to a “d” rating in a report on Wednesday, May 6th. Finally, Zacks Investment Research cut Blucora from a “buy” rating to a “sell” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Blucora presently has an average rating of “Hold” and an average target price of $27.25.

Shares of NASDAQ BCOR traded up $0.20 during trading on Tuesday, reaching $11.68. The stock had a trading volume of 496,347 shares, compared to its average volume of 539,311. Blucora has a fifty-two week low of $8.66 and a fifty-two week high of $30.81. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day moving average price is $12.15 and its 200-day moving average price is $16.80. The company has a market cap of $558.89 million, a P/E ratio of 9.27, a PEG ratio of 0.70 and a beta of 1.16.

Several large investors have recently modified their holdings of BCOR. Van Berkom & Associates Inc. lifted its stake in shares of Blucora by 182.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,880,842 shares of the information services provider’s stock valued at $34,714,000 after purchasing an additional 1,859,867 shares during the last quarter. Norges Bank bought a new position in Blucora in the fourth quarter valued at $17,298,000. Federated Hermes Inc. grew its position in Blucora by 99,745.2% in the first quarter. Federated Hermes Inc. now owns 607,059 shares of the information services provider’s stock valued at $7,315,000 after purchasing an additional 606,451 shares in the last quarter. Nuveen Asset Management LLC grew its position in Blucora by 54.0% in the fourth quarter. Nuveen Asset Management LLC now owns 654,148 shares of the information services provider’s stock valued at $17,099,000 after purchasing an additional 229,304 shares in the last quarter. Finally, Tygh Capital Management Inc. bought a new position in Blucora in the first quarter valued at $2,666,000. 95.16% of the stock is owned by institutional investors.

About Blucora

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.

Recommended Story: What is a Stop Order?

Get a free copy of the Zacks research report on Blucora (BCOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.