Instructure (INST) Misses Q3 EPS by 23c, Offers Guidance

Instructure (NYSE: INST) reported Q3 EPS of ($0.10), $0.23 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $107.2 million versus the consensus estimate of $93.57 million.

GUIDANCE:

Instructure sees Q4 2021 revenue of $106.9-107.9 million, versus the consensus of $101.1 million.

• Allocated Combined Receipts* is expected to be in the range of $107.5 million to $108.5 million
• Non-GAAP operating income* is expected to be in the range of $37.5 million to $38.5 million
• Adjusted EBITDA* is expected to be in the range of $38.5 million to $39.5 million
• Non-GAAP net income* is expected to be $29.3 million to $30.3 million

For earnings history and earnings-related data on Instructure (INST) click here.

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