Blucora, Inc. (BCOR) Tops Q4 EPS by 12c, Revenues Miss; Offers Q1 Revenue Guidance Below Consensus, Provides Q1 EPS Outlook

Blucora, Inc. (NASDAQ: BCOR) reported Q4 EPS of ($0.10), $0.12 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $149.4 million versus the consensus estimate of $150.11 million.

2019 Highlights and Recent Developments

• Increased total revenue by 28% year-over-year (y/y), including addition of 1st Global since May 6
• Achieved record advisory net flows at Avantax of approximately $1 billion
• Recorded 22nd consecutive year of revenue growth at TaxAct, growing 12% year-over-year
• Completed $28 million of a $100 million share repurchase program, supported by strong cash flow generation
• Completed acquisition of 1st Global, adding significant scale, complementary capabilities and high recurring revenue
• Achieved $6.5 million in synergies related to 1st Global in 2019, more than double original estimate

“Blucora’s fourth quarter results cap a year of strong financial performance, strengthening our platform, and investing for future growth,” said Chris Walters, Blucora’s President and Chief Executive Officer. “While we have made good progress on many fronts, I’m even more excited about the growth opportunities we see ahead.”

GUIDANCE:

Blucora, Inc. sees Q1 2020 EPS of $1.52-$1.64, versus the consensus of $1.57. Blucora, Inc. sees Q1 2020 revenue of $271-281.5 million, versus the consensus of $288.39 million.

For earnings history and earnings-related data on Blucora, Inc. (BCOR) click here.

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