Brokerages expect that Guidewire Software (NYSE:GWRE) will report earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Guidewire Software’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.00. Guidewire Software posted earnings per share of $0.16 during the same quarter last year, which would indicate a negative year-over-year growth rate of 106.3%. The firm is expected to announce its next earnings results on Thursday, June 7th.
On average, analysts expect that Guidewire Software will report full-year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.04. For the next fiscal year, analysts expect that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover Guidewire Software.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $163.80 million during the quarter, compared to analyst estimates of $154.34 million. During the same period last year, the business earned $0.28 earnings per share. Guidewire Software’s revenue was up 41.7% compared to the same quarter last year.
GWRE has been the subject of a number of analyst reports. ValuEngine upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson initiated coverage on shares of Guidewire Software in a research report on Friday, February 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Piper Jaffray restated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $78.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, William Blair restated an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Guidewire Software presently has an average rating of “Buy” and a consensus target price of $85.44.
Guidewire Software opened at $91.00 on Wednesday, MarketBeat.com reports. Guidewire Software has a 12 month low of $89.43 and a 12 month high of $90.65. The company has a market capitalization of $6.82 billion, a PE ratio of 227.50 and a beta of 1.04.
In other Guidewire Software news, CEO Marcus Ryu sold 19,568 shares of Guidewire Software stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $79.78, for a total transaction of $1,561,135.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,240 shares of company stock valued at $5,969,740. 0.69% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of Guidewire Software by 5.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,602 shares of the technology company’s stock worth $938,000 after acquiring an additional 595 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Guidewire Software by 7.3% in the 1st quarter. Aperio Group LLC now owns 9,473 shares of the technology company’s stock worth $766,000 after acquiring an additional 642 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Guidewire Software by 46.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,140 shares of the technology company’s stock worth $173,000 after acquiring an additional 683 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Guidewire Software by 12.7% in the 1st quarter. D.A. Davidson & CO. now owns 6,652 shares of the technology company’s stock worth $538,000 after acquiring an additional 747 shares during the last quarter. Finally, Denver Investment Advisors LLC lifted its holdings in shares of Guidewire Software by 7.3% in the 1st quarter. Denver Investment Advisors LLC now owns 12,443 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 843 shares during the last quarter.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.
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