Zacks: Brokerages Anticipate Instructure Inc (INST) Will Post Earnings of -$0.24 Per Share

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Equities analysts forecast that Instructure Inc (NYSE:INST) will post earnings per share of ($0.24) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Instructure’s earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.24). Instructure posted earnings of ($0.27) per share in the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, October 29th.

According to Zacks, analysts expect that Instructure will report full-year earnings of ($0.90) per share for the current fiscal year, with EPS estimates ranging from ($0.91) to ($0.87). For the next year, analysts forecast that the business will report earnings of ($0.65) per share, with EPS estimates ranging from ($0.82) to ($0.51). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Instructure.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, July 30th. The technology company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.19. Instructure had a negative net margin of 26.24% and a negative return on equity of 78.26%. The company had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $49.46 million. During the same quarter last year, the company posted ($0.32) EPS. The firm’s revenue was up 30.1% compared to the same quarter last year.

Several brokerages have commented on INST. Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Oppenheimer reissued a “market perform” rating and issued a $41.00 price target on shares of Instructure in a research report on Tuesday, July 31st. MED cut shares of Instructure from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Macquarie lowered shares of Instructure from an “outperform” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Thursday, July 19th. Finally, Citigroup started coverage on shares of Instructure in a report on Monday, July 16th. They issued a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.09.

In other news, CFO Steven B. Kaminsky sold 20,000 shares of the firm’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $45.16, for a total value of $903,200.00. Following the sale, the chief financial officer now directly owns 165,418 shares in the company, valued at approximately $7,470,276.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in INST. Summit Trail Advisors LLC raised its stake in Instructure by 4,115.0% during the 1st quarter. Summit Trail Advisors LLC now owns 5,631,577 shares of the technology company’s stock worth $5,632,000 after acquiring an additional 5,497,969 shares in the last quarter. BlackRock Inc. raised its stake in Instructure by 45.9% during the 2nd quarter. BlackRock Inc. now owns 2,048,534 shares of the technology company’s stock worth $87,166,000 after acquiring an additional 644,946 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Instructure by 156.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 934,560 shares of the technology company’s stock worth $39,392,000 after acquiring an additional 569,859 shares in the last quarter. Voya Investment Management LLC raised its stake in Instructure by 5,104.5% during the 2nd quarter. Voya Investment Management LLC now owns 485,322 shares of the technology company’s stock worth $20,650,000 after acquiring an additional 475,997 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its stake in Instructure by 201.9% during the 2nd quarter. Emerald Advisers Inc. PA now owns 529,314 shares of the technology company’s stock worth $22,522,000 after acquiring an additional 354,014 shares in the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.

INST stock traded up $0.40 during midday trading on Friday, hitting $30.75. The company’s stock had a trading volume of 517,863 shares, compared to its average volume of 363,007. Instructure has a 52-week low of $29.48 and a 52-week high of $49.17. The stock has a market capitalization of $1.23 billion, a PE ratio of -17.88 and a beta of 0.91.

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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