Zacks: Analysts Expect Guidewire Software, Inc. (NYSE:GWRE) Will Announce Earnings of -$0.32 Per Share

Wall Street analysts expect Guidewire Software, Inc. (NYSE:GWREGet Rating) to report ($0.32) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Guidewire Software’s earnings, with estimates ranging from ($0.37) to ($0.26). Guidewire Software reported earnings of ($0.16) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 100%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Guidewire Software will report full year earnings of ($0.53) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.44). For the next year, analysts forecast that the business will post earnings of ($0.13) per share, with EPS estimates ranging from ($0.51) to $0.21. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The technology company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.14. The company had revenue of $204.60 million for the quarter, compared to analyst estimates of $197.47 million. Guidewire Software had a negative return on equity of 6.50% and a negative net margin of 16.97%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) earnings per share.

GWRE has been the subject of a number of recent research reports. Royal Bank of Canada initiated coverage on Guidewire Software in a research report on Tuesday, April 19th. They set an “outperform” rating and a $125.00 target price for the company. JMP Securities upgraded Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday, March 18th. BTIG Research dropped their target price on Guidewire Software from $146.00 to $125.00 in a research report on Wednesday, March 9th. Wells Fargo & Company dropped their target price on Guidewire Software from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Wednesday, March 9th. Finally, StockNews.com upgraded Guidewire Software from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Guidewire Software presently has a consensus rating of “Hold” and an average price target of $117.90.

In other news, CEO Michael George Rosenbaum sold 3,806 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.92, for a total transaction of $334,623.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 1,234 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.92, for a total value of $108,493.28. The disclosure for this sale can be found here. Insiders sold 7,444 shares of company stock valued at $654,255 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. Norges Bank acquired a new position in Guidewire Software during the fourth quarter valued at approximately $67,267,000. Jarislowsky Fraser Ltd boosted its position in Guidewire Software by 33.1% during the first quarter. Jarislowsky Fraser Ltd now owns 1,376,447 shares of the technology company’s stock valued at $130,239,000 after purchasing an additional 342,391 shares during the last quarter. Route One Investment Company L.P. boosted its position in Guidewire Software by 14.6% during the first quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock valued at $212,491,000 after purchasing an additional 286,750 shares during the last quarter. Van ECK Associates Corp boosted its position in Guidewire Software by 17.1% during the first quarter. Van ECK Associates Corp now owns 1,737,384 shares of the technology company’s stock valued at $164,391,000 after purchasing an additional 253,401 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Guidewire Software by 36.8% in the third quarter. Wasatch Advisors Inc. now owns 934,204 shares of the technology company’s stock valued at $111,049,000 after buying an additional 251,265 shares during the last quarter.

GWRE stock opened at $77.49 on Tuesday. The company has a market cap of $6.47 billion, a P/E ratio of -49.67 and a beta of 1.31. Guidewire Software has a twelve month low of $70.83 and a twelve month high of $130.95. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $87.80 and a 200-day moving average of $99.01.

Guidewire Software Company Profile (Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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