Barrington analyst Alexander Paris reiterated a Buy rating on Blucora (BCOR) today and set a price target of $41. The company’s shares opened today at $34.01.
Paris observed:
“We now expect 2019 total revenues of $601.7 million (+7.4% YOY), excluding 1 st Global, below our prior estimate of $605.4 million; adjusted EBITDA of $123.8 million (+3.3% YOY), below our prior estimate of $132.5 million; and non-GAAP EPS of $1.94 (+2.1% YOY), below our prior estimate of $2.14.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 8.2% and a 49.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on Blucora is a Moderate Buy with an average price target of $41.
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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 $45.34 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.
