Blucora, Inc. (BCOR) - NASDAQ
  • Thu, Apr. 28, 12:46 PM
    | Thu, Apr. 28, 12:46 PM | 6 Comments
  • 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
    | Fri, Feb. 12, 11:26 AM | 3 Comments
  • Fri, Jan. 8, 5:42 PM
    | Fri, Jan. 8, 5:42 PM | 1 Comment
  • Dec. 14, 2015, 12:44 PM
    | Dec. 14, 2015, 12:44 PM
  • Dec. 14, 2015, 11:18 AM
    • Blucora (NASDAQ:BCOR) has already seen 338K shares change hands amid today's surge. The 3-month daily average is 443K.
    • No major news has hit the wires yet. Shares went into trading today just $0.70 away from a 52-week low of $8.85. A $580M deal to buy broker-dealer HD Vest was announced in October, along with plans to sell Infospace and Monoprice.
    | Dec. 14, 2015, 11:18 AM
  • Oct. 30, 2015, 6:11 PM
    • Though it slightly beat Q3 EPS estimates and posted in-line revenue, Blucora (NASDAQ:BCOR) guided for Q4 revenue of $85.9M-$91.9M and EPS of -$0.16 to -$0.22, almost entirely below a consensus of $91.7M and -$0.09. Shares tumbled to new 52-week lows in response.
    • With the revised Google deal continuing to weigh, search/content revenue fell 42% Y/Y to $43.1M. Tax preparation revenue grew 16% to $2.9M, and e-commerce revenue (Monoprice) rose 2% to $38.8M. GAAP operating expenses fell 15% Y/Y to $98.4M.
    • Blucora is two weeks removed from announcing a $580M deal to buy broker-dealer HD Vest, and stating it will explore selling Infospace and Monoprice.
    • Q3 results, PR
    | Oct. 30, 2015, 6:11 PM | 1 Comment
  • Oct. 14, 2015, 12:46 PM
    | Oct. 14, 2015, 12:46 PM
  • Jul. 30, 2015, 5:47 PM
    • Along with its Q2 results, Blucora (NASDAQ:BCOR) announces its Infospace search unit has struck a 3-year deal with Microsoft to show Bing search results and ad content on Infospace PC and mobile properties. Terms are undisclosed.
    • The Bing deal is overshadowing soft Q3 guidance: Revenue of $82.5M-$90.3M and EPS of -$0.06 to -$0.14 vs. a consensus of $92.7M and -$0.03.
    • Blucora's search/content revenue, still pressured by the 2014 restructuring of its Google search distribution deal, fell 35% Y/Y in Q2 to $52.1M. Tax preparation revenue rose 17% to $30.9M, and e-commerce revenue (Monoprice) rose 2% to $35.9M.
    • Shares have risen to $16.00 AH.
    • Q2 results, PR
    | Jul. 30, 2015, 5:47 PM
  • May 1, 2015, 1:10 PM
    • With shares having gone into earnings more than 50% below their late-2013/early-2014 highs, Blucora's (NASDAQ:BCOR) Q1 beat and in-line guidance are going over quite well: The search engine/tax software provider forecasts Q2 revenue of $114M-$123.5M and EPS of $0.38-$0.48 vs. a consensus of $117.4M and $0.43.
    • Google deal changes contributed to a 45% Y/Y Q1 drop in search/content division revenue to $58.7M. However, tax preparation revenue rose 12% to $81.1M, and Blucora forecasts TaxACT software/service revenue will rise 13% for the whole of 1H15. E-commerce (Monoprice) revenue fell 6% to $35M.
    • A 21% Y/Y drop in GAAP operating expenses to $136.1M provided a lift to EPS. Adjusted EBITDA fell 11% to $50.8M, and is expected to total $20.8M-$24.8M in Q2.
    • Q1 results, PR
    | May 1, 2015, 1:10 PM | 1 Comment
  • Aug. 8, 2014, 12:20 PM
    • Though it beat Q2 estimates, Blucora (BCOR -7.9%) is guiding for Q3 revenue of $112.5M-$122.5M and EPS of $0.07-$0.14, below a consensus of $129.7M and $0.21.
    • On the CC (transcript), Blucora noted the HowStuffWorks acquisition is expected to have a near-term impact on margins, and that its core Search & Content ops are "in the midst of a transition that may extend beyond the third quarter," following the partial renewal of a search/ad deal with Google in February (didn't cover mobile AdSense ads).
    • Search & Content revenue fell 16% Y/Y in Q2 to $79.8M. Sales were hurt both by the Google deal changes, and "a technology change [at] search engine partners" that affected WebCrawler's performance.
    • On the bright side, tax preparation sales (TaxACT) grew 17% to $26.5M. E-commerce revenue (Monoprice) grew 5% on an adjusted basis to $35.3M.
    • Q2 results, PR
    | Aug. 8, 2014, 12:20 PM
  • Jul. 9, 2014, 5:34 PM
    | Jul. 9, 2014, 5:34 PM | 1 Comment
  • May 12, 2014, 5:49 PM
    • Top gainers, as of 5:15 p.m.: RAX +12.4%. HALO +12.4%. DTV +6.2%. TC +5.0%. MBI +4.3%.
    • Top losers, as of 5:15 p.m.: RDEN -16.2%. CALL -5.9%. BCOR -4.4%. OKS -3.6%. AAN -3.4%.
    | May 12, 2014, 5:49 PM
  • May 2, 2014, 9:18 AM
    | May 2, 2014, 9:18 AM
  • May 1, 2014, 5:59 PM
    • Blucora (BCOR) expects Q2 revenue of $135M-$145.5M and EPS of $0.46-$0.53, below a consensus of $164.3M and $0.64. The outlook follows the renewal of a Google search/advertising deal that doesn't cover mobile AdSense ads. Shares -8.7% AH. (Q1 results, PR)
    • Maxwell (MXWL) expects Q2 revenue to be "similar" to a Q1 level of $46M; that's favorable to a $42.4M consensus. Though visibility for Chinese plug-in hybrid bus market sales remains "limited," ultracapacitor demand from other markets "remains robust." Shares +1.1% AH. (Q1 results, PR)
    • Audience (ADNC) expects Q2 revenue of $37.5M-$40.5M and EPS of -$0.10 to -$0.14 vs. a consensus of $38.2M and -$0.08. Shares unchanged for now. (Q1 results, PR)
    | May 1, 2014, 5:59 PM
  • Mar. 31, 2014, 4:05 PM
    • The WSJ reports Blucora (BCOR +3%) is prepping an all-cash bid for struggling specialty electronics retailer Brookstone that would trump a $260M stalking-horse offer ($120M in cash + the assumption of $140M in debt) from private Spencer Spirit Holdings.
    • Sources state Blucora would merge Brookstone with online electronics accessory retailer Monoprice (acquired last year for $180M).
    • Shares remain down 33% YTD, after having sold off due to soft guidance and worries about the terms under which Blucora partially extended its search/ad deal with Google.
    • Previous: Brookstone teetering on bankruptcy
    | Mar. 31, 2014, 4:05 PM
  • Feb. 21, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: MDCA +13.1%. VCRA +9.8%. BCOR +8.9%. AXLL +8.7%. BRC +5.6%.
    • Top losers, as of 5:15 p.m.: UPL -3.9%. GBX -3.7%. BAH -3.6%. TFX -3.5%. HUM -3.1%.
    | Feb. 21, 2014, 5:37 PM | 5 Comments
Company Description
Blucora, Inc. operates a portfolio of Internet businesses. . The company operates through three reportable segments: Search and Content, Tax Preparation, and E-Commerce. The Search and Content business operates through a subsidiary InfoSpace LLC and provides search services to users. The Tax... More
Sector: Technology
Industry: Internet Information Providers
Country: United States