Brokerages expect that Guidewire Software Inc (NYSE:GWRE) will report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Guidewire Software’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.20. Guidewire Software posted earnings of $0.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Guidewire Software will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.86 to $0.90. For the next fiscal year, analysts forecast that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Guidewire Software.
Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The business had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS.
Guidewire Software (NYSE:GWRE) traded down $0.10 during trading on Monday, reaching $81.88. 330,016 shares of the company were exchanged, compared to its average volume of 489,218. The company has a market capitalization of $6,170.00, a P/E ratio of 327.52, a P/E/G ratio of 139.07 and a beta of 1.13. Guidewire Software has a 1-year low of $54.34 and a 1-year high of $83.52.
In other news, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 76,178 shares of the company’s stock, valued at approximately $5,580,800.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction dated 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. In the last three months, insiders sold 98,909 shares of company stock valued at $7,407,998. Insiders own 0.69% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after buying an additional 794 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Guidewire Software by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 9,128 shares of the technology company’s stock worth $711,000 after buying an additional 950 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Guidewire Software by 10.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,007 shares of the technology company’s stock worth $856,000 after buying an additional 1,050 shares during the last quarter. Finally, Granahan Investment Management Inc. MA lifted its stake in shares of Guidewire Software by 2.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 45,011 shares of the technology company’s stock worth $3,505,000 after buying an additional 1,055 shares during the last quarter.
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About Guidewire Software
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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