-$0.01 EPS Expected for Guidewire Software (GWRE) This Quarter

Equities research analysts expect that Guidewire Software (NYSE:GWRE) will report earnings per share of ($0.01) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.02). Guidewire Software reported earnings of $0.16 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 106.3%. The business is scheduled to report its next quarterly earnings report on Thursday, June 7th.

According to Zacks, analysts expect that Guidewire Software will report full year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.99 to $1.04. For the next financial year, analysts forecast that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Guidewire Software.

How to Become a New Pot Stock Millionaire

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.14. The business had revenue of $163.80 million during the quarter, compared to analyst estimates of $154.34 million. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share.

A number of equities analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $91.00 price target on shares of Guidewire Software in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Jaffray restated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. DA Davidson set a $100.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Stifel Nicolaus upped their target price on shares of Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and an average target price of $85.44.

Shares of GWRE traded up $1.04 during mid-day trading on Wednesday, reaching $86.79. The stock had a trading volume of 585,070 shares, compared to its average volume of 627,693. The firm has a market cap of $6,236.97, a P/E ratio of 216.98 and a beta of 1.05. Guidewire Software has a 12 month low of $58.87 and a 12 month high of $92.65.

In related news, CFO Richard Hart sold 375 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $77.39, for a total transaction of $29,021.25. Following the sale, the chief financial officer now owns 3,819 shares of the company’s stock, valued at $295,552.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $79.07, for a total transaction of $1,581,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,297 shares of company stock valued at $6,374,404. 0.69% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. purchased a new stake in Guidewire Software during the fourth quarter valued at $2,230,000. Teachers Retirement System of The State of Kentucky raised its stake in Guidewire Software by 7.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 44,984 shares of the technology company’s stock valued at $3,341,000 after purchasing an additional 2,948 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Guidewire Software by 4.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after purchasing an additional 34,784 shares in the last quarter. California Public Employees Retirement System raised its stake in 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 valued at $7,728,000 after purchasing an additional 10,856 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in Guidewire Software by 41.8% during the fourth quarter. Pinebridge Investments L.P. now owns 53,011 shares of the technology company’s stock valued at $3,937,000 after purchasing an additional 15,625 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “-$0.01 EPS Expected for Guidewire Software (GWRE) This Quarter” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/18/0-01-eps-expected-for-guidewire-software-gwre-this-quarter.html.

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.

Get a free copy of the Zacks research report on Guidewire Software (GWRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply