-$0.50 EPS Anticipated for Instructure Inc (INST) This Quarter

-$0.50 EPS Anticipated for Instructure Inc (INST) This Quarter

Equities research analysts expect Instructure Inc (NYSE:INST) to announce earnings of ($0.50) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Instructure’s earnings. Instructure posted earnings per share of ($0.54) in the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The business is expected to announce its next quarterly earnings report on Monday, August 7th.

On average, analysts expect that Instructure will report full-year earnings of ($1.84) per share for the current year, with EPS estimates ranging from ($1.84) to ($1.83). For the next financial year, analysts forecast that the business will report earnings of ($1.53) per share, with EPS estimates ranging from ($1.59) to ($1.47). Zacks’ earnings per share averages are an average based on a survey of research firms that follow Instructure.

Instructure (NYSE:INST) last posted its earnings results on Monday, May 1st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. Instructure had a negative return on equity of 208.06% and a negative net margin of 48.31%. The firm had revenue of $34 million during the quarter, compared to analysts’ expectations of $32.96 million. During the same period in the previous year, the firm earned ($0.42) earnings per share. The company’s revenue was up 45.9% on a year-over-year basis.

Several research analysts have recently weighed in on INST shares. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 price objective on shares of Instructure in a research report on Tuesday, February 7th. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $30.00 price objective (up from $27.00) on shares of Instructure in a research report on Thursday, May 4th. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $28.00 price objective on shares of Instructure in a research report on Tuesday, February 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $29.67.

Instructure (NYSE:INST) traded down 0.74% on Wednesday, reaching $26.75. The company’s stock had a trading volume of 199,829 shares. The firm’s 50-day moving average price is $25.18 and its 200-day moving average price is $22.68. The stock’s market cap is $773.53 million. Instructure has a 52-week low of $17.16 and a 52-week high of $27.00.

In related news, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $25.03, for a total value of $50,060.00. Following the completion of the sale, the executive vice president now directly owns 11,614 shares of the company’s stock, valued at approximately $290,698.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Affiliates Fund Lp Openview II sold 19,900 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $24.73, for a total value of $492,127.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,681 shares of company stock valued at $1,455,132. Corporate insiders own 62.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after buying an additional 426 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Instructure during the first quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Instructure during the first quarter worth approximately $328,000. Trexquant Investment LP purchased a new stake in shares of Instructure during the first quarter worth approximately $340,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Instructure during the first quarter worth approximately $367,000. 50.60% of the stock is owned by institutional investors and hedge funds.

Instructure Company Profile

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “INST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Instructure (INST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment