Blucora Earnings: Here’s Why Investors are Excited Now

Blucora (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 6.5%.

Blucora Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 141.67% to $0.58 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Rose 16.18% to $117.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Blucora reported adjusted EPS income of $0.58 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $114.4 million.

Quoting Management: “We are pleased to announce solid results across both of our businesses in the first half of 2013,” said Bill Ruckelshaus, President and Chief Executive Officer of Blucora. “InfoSpace continues to expand its distribution network and drive growth with existing partners. TaxACT recorded market share gains in tax year 2012 with enhanced core offerings and new services complementary to the filing process.”

Key Stats (on next page)…

Revenue decreased 29.12% from $165.34 million in the previous quarter. EPS increased 9.43% from $0.53 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 $0.08 to a loss $0.02. For the current year, the average estimate has moved down from a profit of $0.91 to a profit of $0.76 over the last ninety days.

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