Instructure (NYSE:INST) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of (0.16-0.14) for the period, compared to the Thomson Reuters consensus EPS 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.
NYSE:INST traded up $1.80 on Wednesday, reaching $37.30. The company’s stock had a trading volume of 19,557 shares, compared to its average volume of 767,366. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17. The company has a market capitalization of $1.10 billion, a P/E ratio of -21.72 and a beta of 0.90.
Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.26. Instructure had a negative return on equity of 54.63% and a negative net margin of 24.15%. The business had revenue of $55.24 million during the quarter, compared to analysts’ expectations of $53.93 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. Equities analysts expect that Instructure will post -1.57 EPS for the current year.
Instructure Company Profile
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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