Blucora Earnings: Here’s Why Investors are Buying Shares Now

Blucora Inc (NASDAQ:BCOR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 14.18%.

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Blucora Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 239.29% to $0.95 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 42.9% to $165.34 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.95 per share. By that measure, the company beat the mean analyst estimate of $0.5. It beat the average revenue estimate of $158.81 million.

Quoting Management: “Blucora is off to a strong start in 2013 in both the online search and tax preparation segments of the business,” said Bill Ruckelshaus, President and Chief Executive Officer of Blucora. “We are especially pleased with the growth of TaxACT and our success in building DDIY market share in a highly-competitive and unpredictable tax season. The TaxACT results reflect the team’s strong execution, successful product enhancements this season and our ability to drive consumer demand.”

Key Stats (on next page)…

Revenue increased 69.63% from $97.47 million in the previous quarter. EPS increased 2275% from $0.04 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.31 to a profit $0.29. For the current year, the average estimate has moved down from a profit of $0.97 to a profit of $0.94 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)