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

Guidewire Software

08/03/2024 04:23

* Guidewire Software Inc  GWRE.N  reported quarterly
adjusted
earnings of 46 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -21 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 23 cents
per share. Wall Street expected results to range from 13 cents
to 30 cents per share.
    * Revenue rose 3.6% to $240.90 million from a year ago;
analysts
expected $240.91 million. 
    * Guidewire Software Inc's reported EPS for the quarter was
12
cents​.
    * The company reported quarterly net income of $9.69
million.
    * Guidewire Software Inc shares had risen by 5.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 $125.50 
This summary was machine generated from LSEG data March 8 at
04:22 a.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
 Jan. 31 2024      0.23           0.46           Beat
 Oct. 31 2023      -0.18          0.00           Beat
 Jul. 31 2023      0.38           0.74           Beat
 Apr. 30 2023      -0.14          -0.08          Beat