Analysts Anticipate Guidewire Software, Inc. (GWRE) Will Announce Earnings of -$0.14 Per Share

Brokerages predict that Guidewire Software, Inc. (NYSE:GWRE) will report ($0.14) earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.15). Guidewire Software reported earnings per share of $0.02 in the same quarter last year, which would suggest a negative year-over-year growth rate of 800%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, November 29th.

On average, analysts expect that Guidewire Software will report full-year earnings of $0.89 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.93. For the next year, analysts forecast that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.11 to $1.27. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The company had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $168.61 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis.

GWRE has been the subject of a number of research analyst reports. KeyCorp restated a “buy” rating and set a $75.00 price objective on shares of Guidewire Software in a report on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating and set a $80.00 price objective on shares of Guidewire Software in a report on Sunday, August 27th. Citigroup Inc. restated a “buy” rating and set a $85.00 price objective (up previously from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. Bank of America Corporation boosted their price objective on Guidewire Software from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Buy” and a consensus price target of $80.11.

Shares of Guidewire Software (NYSE:GWRE) opened at $82.77 on Friday. Guidewire Software has a 1-year low of $49.18 and a 1-year high of $83.52. The stock has a market capitalization of $6,237.30, a P/E ratio of 197.07, a PEG ratio of 26.21 and a beta of 1.23.

In related news, insider Ali Kheirolomoom sold 2,047 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $77.06, for a total value of $157,741.82. Following the completion of the sale, the insider now directly owns 1,941 shares in the company, valued at $149,573.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $78.20, for a total value of $46,920.00. Following the completion of the sale, the director now owns 9,447 shares of the company’s stock, valued at $738,755.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,621 shares of company stock valued at $8,821,024. 0.69% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DF Dent & Co. Inc. raised its position in Guidewire Software by 30.1% during the third quarter. DF Dent & Co. Inc. now owns 17,925 shares of the technology company’s stock valued at $1,396,000 after purchasing an additional 4,150 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of Guidewire Software during the third quarter worth $386,000. California Public Employees Retirement System increased its holdings in shares of Guidewire Software by 12.3% during the third quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock worth $7,728,000 after buying an additional 10,856 shares in the last quarter. Bamco Inc. NY increased its holdings in Guidewire Software by 3.1% in the third quarter. Bamco Inc. NY now owns 5,082,409 shares of the technology company’s stock valued at $395,716,000 after purchasing an additional 151,238 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Guidewire Software in the third quarter valued at $1,161,000.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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