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

nCino

29/11/2023 22:42

* nCino Inc  NCNO.OQ  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 11 cents to 12 cents per share.
    * Revenue rose 15.8% to $121.94 million from a year ago;
analysts
expected $120.63 million. 
    * nCino Inc's reported EPS for the quarter was a loss of 15
cents​.
    * The company reported a quarterly loss of $16.38 million.
    * nCino Inc shares had fallen by 6.5% this quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
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," 7
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for nCino Inc
is
$35.00 

This summary was machine generated from LSEG data November 29 at
10:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.11           0.14           Beat
 Jul. 31 2023      0.07           0.09           Beat
 Apr. 30 2023      0.05           0.07           Beat
 Jan. 31 2023      -0.05          -0.09          Missed