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

nCino

04/12/2024 22:01

* nCino Inc  NCNO.OQ  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 15 cents to 17 cents per share.
    * Revenue rose 13.8% to $138.80 million from a year ago;
analysts
expected $137.44 million. 
    * nCino Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $5.25 million.
    * nCino Inc shares had risen by 31.4% this quarter and
gained 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 11 "strong buy" or "buy," 6
"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
$42.50 
This summary was machine generated from LSEG data December 4 at
10:01 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
 Oct. 31 2024      0.16           0.21           Beat
 Jul. 31 2024      0.13           0.14           Beat
 Apr. 30 2024      0.14           0.19           Beat
 Jan. 31 2024      0.12           0.21           Beat