Barrington Reaffirms Their Buy Rating on Blucora (BCOR)


Barrington analyst Alexander Paris reiterated a Buy rating on Blucora (BCOR) on February 15 and set a price target of $36. The company’s shares closed on Friday at $27.43.

Paris wrote:

“We now expect 2019 total revenues of $591.8 million (+5.6% YOY), below our prior estimate of $605.4 million; adjusted EBITDA of $126.0 million (+5.2% YOY), below our prior estimate of $132.5 million; and non‐GAAP EPS of $2.01 (+5.8% YOY), below our prior estimate of $2.14. Our initial estimates for 2020 call for total revenues of $634.3 million (+7.2% YOY), adjusted EBITDA of $139.6 million (+10.8% YOY) and non‐GAAP EPS of $2.35 (+16.9% YOY).”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.3% and a 52.6% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Franklin Covey Company, and Grand Canyon Education.

Blucora has an analyst consensus of Moderate Buy, with a price target consensus of $40.

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Based on Blucora’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $15.98 million. In comparison, last year the company had a net profit of $10.05 million.

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Blucora, Inc. engages in the provision of technology-enabled financial solutions to consumers, small businesses, and tax professionals. It operates through the Wealth Management and Tax Preparation segments.

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