Guidewire Software Inc reports results for the quarter ended in July 31 - Earnings Summary

Guidewire Software

05/09/2024 22:01

* Guidewire Software Inc  GWRE.N  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended July 31,
lower than the same quarter last year, when the company reported
EPS of 74 cents.  The mean expectation of fifteen analysts for
the quarter was for earnings of 54 cents per share. Wall Street
expected results to range from 42 cents to 66 cents per share.
    * Revenue rose 43.6% to $387.74 million from a year ago;
analysts
expected $283.89 million. 
    * Guidewire Software Inc's reported EPS for the quarter was
20
cents​.
    * The company reported quarterly net income of $16.76
million.
    * Guidewire Software Inc shares had risen by 6.7% this
quarter and
gained 34.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $165.00 
This summary was machine generated from LSEG data September 5 at
09:00 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
 Jul. 31 2024      0.54           0.62           Beat
 Apr. 30 2024      0.13           0.26           Beat
 Jan. 31 2024      0.23           0.46           Beat
 Oct. 31 2023      -0.18          0.00           Beat