Clearwater Analytics Holdings Inc reports results for the quarter ended in June - Earnings Summary

Clearwater Analytics Holdings

01/08/2024 24:41

* Clearwater Analytics Holdings Inc  CWAN.N  reported
quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 8 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 9 cents to 12
cents per share.
    * Revenue rose 18.8% to $106.79 million from a year ago;
analysts
expected $105.52 million. 
    * Clearwater Analytics Holdings Inc's reported EPS for the
quarter
was breakeven results​.
    * The company reported a quarterly loss of $430 thousand.
    * Clearwater Analytics Holdings Inc shares had risen by 7.0%
this
quarter and lost 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Clearwater
Analytics Holdings Inc is $22.00 
This summary was machine generated from LSEG data July 31 at
11:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.10           0.10           Met
 Mar. 31 2024      0.09           0.10           Beat
 Dec. 31 2023      0.08           0.10           Beat
 Sep. 30 2023      0.08           0.09           Beat