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

Guidewire Software

08/12/2023 03:06

* Guidewire Software Inc  GWRE.N  reported quarterly
breakeven
results​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -12 cents.  The mean expectation of fourteen analysts for the
quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -45 cents to -8 cents per share.
    * Revenue rose 6.2% to $207.41 million from a year ago;
analysts
expected $200.93 million. 
    * Guidewire Software Inc's reported EPS for the quarter was
a loss
of 33 cents​.
    * The company reported a quarterly loss of $27.07 million.
    * Guidewire Software Inc shares had risen by 9.0% this
quarter and
gained 56.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
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 10 "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 Guidewire
Software Inc is $110.00 
This summary was machine generated from LSEG data December 8 at
03:05 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
 Oct. 31 2023      -0.18          0.00           Beat
 Jul. 31 2023      0.38           0.74           Beat
 Apr. 30 2023      -0.14          -0.08          Beat
 Jan. 31 2023      -0.03          -0.21          Missed