Avantax Future Growth

Future criteria checks 4/6

Avantax is forecast to grow earnings and revenue by 184.1% and 9% per annum respectively while EPS is expected to grow by 186.8% per annum.

Key information

184.1%

Earnings growth rate

186.8%

EPS growth rate

Capital Markets earnings growth	14.2%
Revenue growth rate	9.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	06 Nov 2023

Recent future growth updates

Recent updates

Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%

Feb 19

Read This Before Selling Blucora, Inc. (NASDAQ:BCOR) Shares

Nov 30

Earnings and Revenue Growth Forecasts

NasdaqGS:AVTA - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	818	33	89	N/A	4
12/31/2023	753	9	-37	N/A	3
9/30/2023	730	0	-59	-36	N/A
6/30/2023	702	2	-39	-16	N/A
3/31/2023	678	-1	67	90	N/A
12/31/2022	666	3	84	107	N/A
9/30/2022	445	-70	5	26	N/A
6/30/2022	455	-98	-55	-29	N/A
3/31/2022	546	-68	-40	-15	N/A
12/31/2021	658	-44	-9	21	N/A
9/30/2021	862	-19	47	83	N/A
6/30/2021	863	-18	72	107	N/A
3/31/2021	770	0	10	51	N/A
12/31/2020	546	-368	12	35	N/A
9/30/2020	749	-275	0	32	N/A
6/30/2020	723	-311	4	30	N/A
3/31/2020	755	-330	52	69	N/A
12/31/2019	718	48	82	93	N/A
9/30/2019	670	12	87	96	N/A
6/30/2019	616	57	88	96	N/A
3/31/2019	580	61	110	118	N/A
12/31/2018	560	45	98	106	N/A
9/30/2018	557	73	93	99	N/A
6/30/2018	552	74	93	98	N/A
3/31/2018	533	42	73	77	N/A
12/31/2017	510	27	68	73	N/A
9/30/2017	499	3	73	78	N/A
6/30/2017	492	6	N/A	76	N/A
3/31/2017	473	8	N/A	74	N/A
12/31/2016	456	-2	N/A	100	N/A
9/30/2016	372	-10	N/A	104	N/A
6/30/2016	292	-9	N/A	100	N/A
3/31/2016	202	-12	N/A	78	N/A
12/31/2015	118	-13	N/A	46	N/A
9/30/2015	-254	-28	N/A	37	N/A
6/30/2015	-142	-18	N/A	62	N/A
3/31/2015	-31	-12	N/A	66	N/A
12/31/2014	104	-6	N/A	62	N/A
9/30/2014	640	31	N/A	80	N/A
6/30/2014	649	27	N/A	81	N/A
3/31/2014	625	27	N/A	90	N/A
12/31/2013	91	-26	N/A	85	N/A
9/30/2013	504	29	N/A	77	N/A
6/30/2013	473	33	N/A	67	N/A
3/31/2013	457	35	N/A	62	N/A
12/31/2012	407	23	N/A	49	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVTA's forecast earnings growth (184.1% per year) is above the savings rate (2.2%).

Earnings vs Market: AVTA's earnings (184.1% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: AVTA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AVTA's revenue (9% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: AVTA's revenue (9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if AVTA's Return on Equity is forecast to be high in 3 years time

Avantax Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 43%

Price target decreased by 8.0% to US$28.67

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

Price target increased to US$29.00

Price target increased to US$28.00

Recent updates

Avantax, Inc. Files Form 15

Avantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500

Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.

Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.

Consensus EPS estimates fall by 43%

New major risk - Financial position

Third quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 8.0% to US$28.67

Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million.

New major risk - Financial position

Second quarter 2023 earnings: EPS misses analyst expectations

Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Avantax Reportedly Working with Adviser to Explore Possible Sale

President exercised options and sold US$128k worth of stock

Avantax Promotes Jennifer Hutchins to Co-Chief Investment Officer

Avantax, Inc. Appoints Bruce Tuckey and Dave Renko as Regional Recruiting Director

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Insider recently sold US$247k worth of stock

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)

Avantax, Inc. Appoints Melissa Loner as Chief Compliance Officer

Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Avantax, Inc. Announces Executive Changes

DS Admiral Bidco, LLC acquired TaxACT Holdings, Inc. from Blucora, Inc. (NasdaqGS:BCOR).

Blucora, Inc. (NasdaqGS:BCOR) announces an Equity Buyback for $450 million worth of its shares.

Independent Director recently bought US$119k worth of stock

Price target increased to US$29.00

High number of new directors

Price target increased to US$28.00

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

DS Admiral Bidco, LLC entered into a Stock Purchase Agreement to acquire TaxACT Holdings, Inc. from Blucora, Inc. (NasdaqGS:BCOR) for approximately $720 million.

Consensus forecasts updated

Blucora, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

Blucora, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Blucora, Inc.(NasdaqGS:BCOR) dropped from Russell 2000 Value Index

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Blucora, Inc. Provides Earnings Guidance for the Full Year of Fiscal Year 2022

High number of new directors

Blucora, Inc. to Report Q1, 2022 Results on May 04, 2022

High number of new directors

President of Wealth Management exercised options to buy US$253k worth of stock.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Blucora, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022

Blucora, Inc. to Report Q4, 2021 Results on Feb 16, 2022

Independent Director recently bought US$825k worth of stock

Third quarter 2021 earnings released: US$0.57 loss per share (vs US$0.55 loss in 3Q 2020)

Price target increased to US$25.33

Independent Director John MacIlwaine has left the company

Independent Director John MacIlwaine has left the company

Ancora Holdings Issues Letter to the Board of Directors of Blucora

Second quarter 2021 earnings released: EPS US$0.65 (vs US$1.04 in 2Q 2020)

Blucora, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2021

Blucora: Investor Day Highlights Improved Medium-Term Outlook

Price target increased to US$23.00

Consensus EPS estimates increase to -US$0.10

Blucora, Inc. Updates Earnings Outlook for the Second Quarter and Full Year 2021

Blucora forecasts Q2 and FY21 EPS above estimates

First quarter 2021 earnings released: EPS US$0.57 (vs US$6.60 loss in 1Q 2020)

Blucora, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2021

Blucora EPS beats by $0.08, misses on revenue

Blucora, Inc., Annual General Meeting, Apr 21, 2021

New 90-day high: US$17.97

Blucora Announces Appointment of Tina Perry to the Board of Directors

Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%

Full year 2020 earnings released: US$7.14 loss per share (vs US$1.00 profit in FY 2019)