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

Equities research analysts expect Guidewire Software (NYSE:GWRE) to post earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Guidewire Software’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.00. Guidewire Software reported earnings per share of $0.16 in the same quarter last year, which suggests a negative year over year growth rate of 106.3%. The firm is expected to announce its next earnings results on Thursday, June 7th.

On average, analysts expect that Guidewire Software will report full-year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.04. For the next year, analysts expect that the firm will post earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Guidewire Software.

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

Several analysts have recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. Stifel Nicolaus lifted their target price on Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, March 7th. KeyCorp reiterated a “buy” rating and set a $91.00 target price on shares of Guidewire Software in a research report on Wednesday, March 7th. DA Davidson set a $100.00 target price on Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $85.44.

In other news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $80.17, for a total transaction of $48,102.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marcus Ryu sold 19,568 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $79.78, for a total value of $1,561,135.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,240 shares of company stock worth $5,969,740. Insiders own 0.69% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at $118,000. American International Group Inc. purchased a new position in shares of Guidewire Software during the fourth quarter valued at $121,000. Whittier Trust Co. of Nevada Inc. grew its stake in Guidewire Software by 46.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,140 shares of the technology company’s stock valued at $173,000 after purchasing an additional 683 shares during the last quarter. TLP Group LLC purchased a new position in Guidewire Software in the first quarter valued at about $197,000. Finally, CIBC Asset Management Inc purchased a new position in Guidewire Software in the first quarter valued at about $207,000.

NYSE:GWRE opened at $91.00 on Wednesday. Guidewire Software has a twelve month low of $89.43 and a twelve month high of $90.65. The firm has a market cap of $6.82 billion, a PE ratio of 227.50 and a beta of 1.04.

Guidewire Software Company Profile

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.

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