After Q2, The 'New' Blucora Has Some Of The Same Old Concerns
Vince Martin • 18 Comments
Vince Martin • 18 Comments
Q1 Mattered: Why I'm Staying Long Blucora
Vince Martin • 22 Comments
Vince Martin • 22 Comments
Thu, Oct. 27, 6:32 AM
Wed, Oct. 26, 5:30 PM
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Thu, Apr. 28, 12:46 PM
Thu, Apr. 28, 6:36 AM
- Blucora (NASDAQ:BCOR): Q1 EPS of $0.94 beats by $0.04.
- Revenue of $165.8M (+5.0% Y/Y) beats by $2.49M.
Wed, Apr. 27, 5:30 PM
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Tue, Mar. 15, 9:14 AM
- John Clendening, formerly an EVP and investor services co-head at Charles Schwab, has been named Blucora's (NASDAQ:BCOR) CEO and a board member, effective April 4.
- Clendening succeeds William Ruckelshaus, who previously announced plans to step down. Ruckelshaus is also leaving the board. (8-K filing)
- The CEO change comes amid Blucora's transformation into a financial services provider, via its acquisition of brokerage HD Vest and the planned sale of its Infospace and Monoprice units.
Fri, Feb. 12, 11:26 AM
- Though Blucora (BCOR -14.7%) slightly beat Q4 EPS estimates (while missing on revenue), the company is guiding for Q1 EPS of $0.88-$0.96 and 2016 EPS of $0.96-$1.12, below consensus estimates of $1.07 and $1.32. Q1 is a seasonally big quarter for Blucora's TaxAct tax prep software business.
- Revenue guidance is stronger - Q1 revenue of $162.5M-$167M and 2016 revenue of $444M-$462.5M vs. consensus estimates of $163.9M and $451.5M.
Q4 details: Blucora's Wealth Management unit, the product of the recent HD Vest acquisition, saw revenue rise 4% Y/Y to $82.1M, and op. income rise 18% to $12.2M. The Tax Preparation segment, which features TaxAct, saw revenue rise 14% to $2.9M, and op. loss grow 47% to $4.5M. Q4 is a seasonally weak quarter for TaxAct.
With the HD Vest deal closed, Blucora ended 2015 with $56M in cash, $11M in available-for-sale investments, $385M in long-term debt, and $186M in convertible debt.
- Blucora's Q4 results, earnings release
Thu, Feb. 11, 4:26 PM
- Blucora (NASDAQ:BCOR): Q4 EPS of -$0.19 beats by $0.01.
- Revenue of $85M (+4.2% Y/Y) misses by $2.65M.
Wed, Feb. 10, 5:35 PM
Fri, Jan. 8, 5:42 PM
Dec. 31, 2015, 4:29 PM
- Blucora (NASDAQ:BCOR) has closed its $580M purchase of HD Vest (first announced in October), a broker focused on wealth management offerings for tax pros. HD Vest, whose purchase was financed in part through a $425M credit facility, will be integrated with Blucora's TaxAct tax prep software unit.
- Blucora: "The HD Vest platform currently supports more than 4,600 registered financial representatives managing more than $37 billion in assets ... As we integrate, TaxAct's 5.5 million tax filers and 19,500 professional tax preparers will gain seamless access to HD Vest's comprehensive financial advice and technology-enabled advisory solutions."
- Between them, HD Vest and TaxAct are expected to have 2015 revenue of $436.8M and adjusted EBITDA of $86.5M. For reference, Blucora's 2015 revenue consensus (doesn't cover HD Vest, and does cover Infospace and Monoprice, which the company plans to sell) is at $466.9M.
Dec. 14, 2015, 12:44 PM