Guidewire Software program (GWRE) reported $291.52 million in income for the quarter ended July 2024, representing a year-over-year improve of 8%. EPS of $0.62 for a similar interval compares to $0.74 a 12 months in the past.
The reported income represents a shock of +2.95% over the Zacks Consensus Estimate of $283.15 million. With the consensus EPS estimate being $0.52, the EPS shock was +19.23%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s value efficiency extra precisely.
Right here is how Guidewire Software program carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
-
Annual recurring income
: $872 million in comparison with the $861.53 million common estimate primarily based on 4 analysts.
-
Income- Subscription and help
: $151.85 million versus $148.76 million estimated by 5 analysts on common.
-
Revenues- License
: $88.86 million versus $85.83 million estimated by 5 analysts on common.
-
Revenues- Providers
: $50.81 million in comparison with the $48.74 million common estimate primarily based on 5 analysts.
-
Gross profit- Subscription and help
: $96.23 million versus the four-analyst common estimate of $96.15 million.
-
Gross profit- Providers
: $2.35 million versus $5.79 million estimated by 4 analysts on common.
-
Gross profit- License
: $87.86 million versus $83.89 million estimated by 4 analysts on common.
View all Key Company Metrics for Guidewire Software here>>>
Shares of Guidewire Software program have returned +4.6% over the previous month versus the Zacks S&P 500 composite’s +3.4% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
Analysis Chief Names “Single Greatest Choose to Double”
From 1000’s of shares, 5 Zacks consultants every have chosen their favourite to skyrocket +100% or extra in months to return. From these 5, Director of Analysis Sheraz Mian hand-picks one to have probably the most explosive upside of all.
This firm targets millennial and Gen Z audiences, producing almost $1 billion in income final quarter alone. A current pullback makes now a great time to leap aboard. After all, all our elite picks aren’t winners however this one might far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
