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

nCino

27/08/2024 22:21

* nCino Inc  NCNO.OQ  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in July, higher than the
same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 12 cents to 13 cents per share.
    * Revenue rose 12.9% to $132.40 million from a year ago;
analysts
expected $131.04 million. 
    * nCino Inc's reported EPS for the quarter was a loss of 10
cents​.
    * The company reported a quarterly loss of $11.04 million.
    * nCino Inc shares had risen by 10.2% this quarter and
gained 3.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.8%
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 10 "strong buy" or "buy," 7
"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
$38.00 
This summary was machine generated from LSEG data August 27 at
09:20 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      0.13           0.14           Beat
 Apr. 30 2024      0.12           0.19           Beat
 Jan. 31 2024      0.12           0.21           Beat
 Oct. 31 2023      0.11           0.14           Beat