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

nCino

26/03/2024 21:37

* nCino Inc  NCNO.OQ  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 11 cents to 13 cents per share.
    * Revenue rose 13.3% to $123.69 million from a year ago;
analysts
expected $124.62 million. 
    * nCino Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.16
million.
    * nCino Inc shares had fallen by 9.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 7 "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
$36.00 
This summary was machine generated from LSEG data March 26 at
09:37 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
 Jan. 31 2024      0.12           0.21           Beat
 Oct. 31 2023      0.11           0.14           Beat
 Jul. 31 2023      0.07           0.09           Beat
 Apr. 30 2023      0.05           0.07           Beat