Analysts Expect Guidewire Software, Inc. (NYSE:GWRE) Will Post Earnings of -$0.24 Per Share

Wall Street brokerages expect Guidewire Software, Inc. (NYSE:GWRE) to report ($0.24) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Guidewire Software’s earnings. The lowest EPS estimate is ($0.28) and the highest is ($0.17). Guidewire Software posted earnings of $0.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 366.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, June 2nd.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.24 to $0.41. For the next year, analysts anticipate that the business will report earnings of $0.23 per share, with EPS estimates ranging from ($0.19) to $0.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Guidewire Software.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, March 3rd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $180.06 million during the quarter, compared to analysts’ expectations of $170.28 million. Guidewire Software had a negative net margin of 4.29% and a positive return on equity of 0.81%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share.

Several analysts have recently issued reports on the stock. Needham & Company LLC lowered their price target on shares of Guidewire Software from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 11th. Citigroup reduced their price objective on shares of Guidewire Software from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, March 11th. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating and set a $106.00 price target for the company in a research note on Wednesday, March 10th. DA Davidson reaffirmed a “buy” rating on shares of Guidewire Software in a research note on Wednesday, May 5th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Hold” and an average target price of $124.11.

In related news, CEO Michael George Rosenbaum sold 3,116 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $106.43, for a total value of $331,635.88. Following the completion of the transaction, the chief executive officer now directly owns 29,316 shares of the company’s stock, valued at $3,120,101.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Polelle sold 654 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $106.43, for a total transaction of $69,605.22. Following the completion of the transaction, the insider now directly owns 5,066 shares of the company’s stock, valued at $539,174.38. The disclosure for this sale can be found here. Insiders sold a total of 19,312 shares of company stock worth $2,008,962 in the last quarter. Company insiders own 0.12% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GWRE. Carroll Financial Associates Inc. raised its holdings in shares of Guidewire Software by 46.6% in the fourth quarter. Carroll Financial Associates Inc. now owns 255 shares of the technology company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Insight Financial Services purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $36,000. CWM LLC grew its stake in shares of Guidewire Software by 140.2% during the fourth quarter. CWM LLC now owns 293 shares of the technology company’s stock worth $38,000 after acquiring an additional 171 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $51,000. Finally, Allred Capital Management LLC purchased a new stake in shares of Guidewire Software during the first quarter worth about $58,000.

Shares of GWRE traded down $2.10 during trading hours on Wednesday, reaching $92.59. 4,930 shares of the stock traded hands, compared to its average volume of 638,313. The company has a market cap of $7.75 billion, a price-to-earnings ratio of -242.79 and a beta of 1.36. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.20. Guidewire Software has a 52 week low of $91.50 and a 52 week high of $134.21. The stock has a fifty day simple moving average of $102.90 and a 200 day simple moving average of $114.19.

About Guidewire Software

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, which offers policy, billing, and claims management functionality to insurers.

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Earnings History and Estimates for Guidewire Software (NYSE:GWRE)

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