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

Guidewire Software

05/12/2024 22:00

* Guidewire Software Inc  GWRE.N  reported quarterly
adjusted
earnings of 43 cents​​ per share for the quarter ended October
31, higher than the same quarter last year, when the company
reported breakeven earnings per share.  The mean expectation of
thirteen analysts for the quarter was for earnings of 30 cents
per share. Wall Street expected results to range from 20 cents
to 37 cents per share.
    * Revenue rose 26.8% to $262.90 million from a year ago;
analysts
expected $252.95 million. 
    * Guidewire Software Inc's reported EPS for the quarter was
11
cents​.
    * The company reported quarterly net income of $9.14
million.
    * Guidewire Software Inc shares had risen by 13.2% this
quarter and gained 89.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.4%
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 11 "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 $212.50 
This summary was machine generated from LSEG data December 5 at
10:00 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
 Oct. 31 2024      0.30           0.43           Beat
 Jul. 31 2024      0.54           0.62           Beat
 Apr. 30 2024      0.13           0.26           Beat
 Jan. 31 2024      0.23           0.46           Beat