Instructure (NYSE:INST) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of (0.16-0.14) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.21). The company issued revenue guidance of ~$55.2-56.2 million, compared to the consensus revenue estimate of $55.55 million.Instructure also updated its FY 2018 guidance to $-0.76–0.74 EPS.
INST traded up $4.15 on Tuesday, hitting $34.90. 94,765 shares of the company’s stock traded hands, compared to its average volume of 767,366. The company has a market capitalization of $1.10 billion, a PE ratio of -20.22 and a beta of 0.91. Instructure has a one year low of $29.48 and a one year high of $49.17.
Instructure (NYSE:INST) last issued its earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.26. The company had revenue of $55.24 million for the quarter, compared to the consensus estimate of $53.93 million. Instructure had a negative return on equity of 78.26% and a negative net margin of 26.24%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS. On average, equities research analysts predict that Instructure will post -1.57 EPS for the current year.
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 K12 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 K12 schools.
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