Guidewire Software Inc reports results for the quarter ended in April - Earnings Summary

Guidewire Software

04/06/2024 23:16

* Guidewire Software Inc  GWRE.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 13 cents
per share. Wall Street expected results to range from 2 cents
to 21 cents per share.
    * Revenue rose 16% to $240.68 million from a year ago;
analysts
expected $231.27 million. 
    * Guidewire Software Inc's reported EPS for the quarter was
a loss
of 7 cents​.
    * The company reported a quarterly loss of $5.48 million.
    * Guidewire Software Inc shares had fallen by 6.0% this
quarter and gained 0.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 12 "strong buy" or "buy," 2
"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 Guidewire
Software Inc is $130.00 
This summary was machine generated from LSEG data June 4 at
10:16 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
 Apr. 30 2024      0.13           0.26           Beat
 Jan. 31 2024      -0.18          0.46           Beat
 Oct. 31 2023      -0.18          0.00           Beat
 Jul. 31 2023      0.38           0.74           Beat