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

nCino

29/05/2024 22:01

* nCino Inc  NCNO.OQ  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 12 cents to 14 cents per share.
    * Revenue rose 12.7% to $128.09 million from a year ago;
analysts
expected $126.65 million. 
    * nCino Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $2.98 million.
    * nCino Inc shares had fallen by 18.4% this quarter and
lost 9.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
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 8 "strong buy" or "buy," 8
"hold" and no "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 nCino Inc is
$37.50 
This summary was machine generated from LSEG data May 29 at
09:01 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      0.14           0.19           Beat
 Jan. 31 2024      0.12           0.21           Beat
 Oct. 31 2023      0.11           0.14           Beat
 Jul. 31 2023      0.07           0.09           Beat