Brokerages Expect Guidewire Software, Inc. (NYSE: GWRE) to Report Earnings of $ -0.11 per Share
Wall Street analysts expect Guidewire Software, Inc. (NYSE: GWRE) to post earnings of ($ 0.11) per share for the current quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for Guidewire Software. The highest EPS estimate is ($ 0.09) and the lowest ($ 0.12). Guidewire Software posted earnings per share of $ 0.11 in the same quarter last year, which would indicate a negative growth rate of 200% year-over-year. The company is expected to release its next quarterly results on Thursday, March 3.
On average, analysts predict that Guidewire Software will report annual earnings of ($ 0.42) per share for the current fiscal year, with EPS estimates ranging from ($ 0.50) to ($ 0.36). For the next fiscal year, analysts expect the company to post earnings of ($ 0.08) per share, with EPS estimates ranging from ($ 0.32) to $ 0.21. Zacks EPS averages are an average based on a survey of seller-side research companies that follow Guidewire Software.
Guidewire Software (NYSE: GWRE) last released its quarterly earnings data on Thursday, December 2. The tech company reported ($ 0.21) earnings per share for the quarter, beating the consensus estimate of ($ 0.25) by $ 0.04. Guidewire Software had a negative return on equity of 5.51% and a negative net margin of 13.20%. The company posted revenue of $ 165.93 million in the quarter, compared to a consensus estimate of $ 164.73 million. During the same period last year, the company posted ($ 0.13) EPS. Guidewire Software’s quarterly revenue was down 2.3% year-on-year.
GWRE has been the subject of several research analyst reports. Citigroup lowered its price target on Guidewire Software from $ 138.00 to $ 132.00 and set a “neutral” rating for the company in a research note on Friday, December 3. BTIG Research raised its price target on Guidewire Software from $ 138.00 to $ 146.00 and gave the stock a “buy” rating in a research report published on Friday, December 3. Wells Fargo & Company raised its price target on Guidewire Software from $ 95.00 to $ 100.00 and rated the stock “underweight” in a research report published on Friday, October 1. JPMorgan Chase & Co. raised its price target on Guidewire Software from $ 145.00 to $ 160.00 and rated the stock “overweight” in a research report published on Friday, September 3. Finally, Robert W. Baird reissued a “hold” note on Guidewire Software shares in a research report on Sunday, September 5th. Two analysts rated the stock with a sell rating, five gave the stock a conservation rating, and three gave the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $ 127.00.
Meanwhile, CEO Michael George Rosenbaum sold 5,561 Guidewire Software shares in a trade on Friday, December 17th. The stock was sold for an average price of $ 112.98, for a total value of $ 628,281.78. The sale was disclosed in a legal file with the SEC, which can be accessed through this hyperlink. Additionally, CFO Jeffrey Elliott Cooper sold 2,077 shares of Guidewire Software in a trade on Friday, December 17. The shares were sold for an average price of $ 112.98, for a total value of $ 234,659.46. Disclosure of this sale can be found here. Insiders have sold 14,161 shares of the company valued at $ 1,587,920 in the past 90 days. Insiders own 0.17% of the company’s shares.
A number of large investors have recently increased or reduced their holdings in GWRE. Oppenheimer & Co. Inc. increased its position in Guidewire Software by 4.7% in the second quarter. Oppenheimer & Co. Inc. now owns 2,368 shares of the tech company valued at $ 267,000 after purchasing 107 additional shares during the period. Envestnet Asset Management Inc. increased its position in Guidewire Software by 20.2% in the second quarter. Envestnet Asset Management Inc. now owns 186,475 shares of the tech company valued at $ 21,019,000 after purchasing an additional 31,402 shares during the period. Park Avenue Securities LLC increased its position in Guidewire Software by 14.4% in the second quarter. Park Avenue Securities LLC now owns 4,558 shares of the tech company valued at $ 514,000 after purchasing an additional 573 shares during the period. US Bancorp DE increased its position in Guidewire Software by 3.9% in the second quarter. US Bancorp DE now owns 7,827 shares of the tech company valued at $ 881,000 after purchasing an additional 295 shares during the period. Finally, American Century Companies Inc. acquired a new position in Guidewire Software in the second quarter for a value of approximately $ 200,000.
NYSE GWRE opened at $ 113.53 on Friday. Guidewire Software has a one-year minimum of $ 91.76 and a one-year maximum of $ 134.21. The company has a market cap of $ 9.46 billion, a P / E ratio of -97.03 and a beta of 1.29. The company has a 50-day moving average price of $ 118.21 and a 200-day moving average price of $ 116.72. The company has a debt to equity ratio of 0.23, a current ratio of 5.29, and a rapid ratio of 5.29.
About Guidewire software
Guidewire Software, Inc is committed to providing a technology platform, which consists of software, services and a partner ecosystem, for the global P&C insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.
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