Wall Street brokerages predict that Instructure Inc (NYSE:INST) will report sales of $57.23 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Instructure’s earnings. The highest sales estimate is $57.50 million and the lowest is $56.97 million. Instructure posted sales of $47.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The company is scheduled to report its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Instructure will report full-year sales of $257.30 million for the current fiscal year, with estimates ranging from $256.15 million to $258.45 million. For the next financial year, analysts anticipate that the firm will post sales of $308.23 million, with estimates ranging from $301.26 million to $313.93 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Instructure.
Get Instructure alerts:Instructure (NYSE:INST) last announced its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.14. The business had revenue of $56.25 million during the quarter, compared to analyst estimates of $55.79 million. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS.
INST has been the subject of several analyst reports. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, November 21st. Citigroup reduced their price objective on Instructure from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Morgan Stanley reduced their price objective on Instructure from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, December 12th. Finally, Barrington Research restated a “buy” rating and issued a $50.00 price objective on shares of Instructure in a research note on Wednesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.86.
Shares of NYSE:INST traded down $0.04 during midday trading on Tuesday, hitting $44.66. The company had a trading volume of 13,485 shares, compared to its average volume of 411,323. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -36.31 and a beta of 0.49. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17.
Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new position in Instructure in the 4th quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Instructure by 26.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after buying an additional 481 shares during the period. Point72 Hong Kong Ltd bought a new position in Instructure in the 3rd quarter worth $162,000. Public Employees Retirement Association of Colorado bought a new position in Instructure in the 3rd quarter worth $200,000. Finally, Legal & General Group Plc boosted its holdings in Instructure by 23.7% in the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after buying an additional 1,153 shares during the period. 84.03% of the stock is owned by institutional investors.
About Instructure
Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.
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