Zacks: Analysts Anticipate Guidewire Software Inc (GWRE) Will Announce Earnings of $0.08 Per Share

Analysts expect that Guidewire Software Inc (NYSE:GWRE) will announce $0.08 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.07. Guidewire Software posted earnings per share of $0.05 in the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is scheduled to issue its next quarterly earnings report on Tuesday, June 4th.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.37 to $1.40. For the next financial year, analysts expect that the business will post earnings of $1.55 per share, with EPS estimates ranging from $1.48 to $1.69. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.15. The business had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $159.73 million. Guidewire Software had a net margin of 5.56% and a return on equity of 3.59%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share.

Several analysts have recently issued reports on the stock. Goldman Sachs Group reissued a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $90.00 in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $106.40.

Shares of GWRE traded up $0.15 during mid-day trading on Friday, hitting $102.20. 313,310 shares of the company’s stock were exchanged, compared to its average volume of 644,455. The stock has a market capitalization of $8.32 billion, a PE ratio of 1,135.56, a P/E/G ratio of 30.13 and a beta of 1.27. Guidewire Software has a fifty-two week low of $73.82 and a fifty-two week high of $107.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45.

In related news, CEO Marcus Ryu sold 18,429 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $97.82, for a total transaction of $1,802,724.78. Following the sale, the chief executive officer now directly owns 3,814 shares in the company, valued at $373,085.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Priscilla Hung sold 3,536 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total transaction of $334,859.20. Following the sale, the chief operating officer now owns 7,418 shares in the company, valued at $702,484.60. The disclosure for this sale can be found here. Insiders have sold 70,350 shares of company stock worth $6,557,323 over the last 90 days. Insiders own 0.69% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GWRE. Dimensional Fund Advisors LP increased its stake in Guidewire Software by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 236,357 shares of the technology company’s stock valued at $23,874,000 after purchasing an additional 7,715 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in Guidewire Software in the third quarter valued at approximately $668,000. AQR Capital Management LLC increased its stake in Guidewire Software by 42.8% in the third quarter. AQR Capital Management LLC now owns 8,191 shares of the technology company’s stock valued at $827,000 after purchasing an additional 2,456 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Guidewire Software by 10,204.6% in the third quarter. Rehmann Capital Advisory Group now owns 35,757 shares of the technology company’s stock valued at $354,000 after purchasing an additional 35,410 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Guidewire Software by 5.0% in the third quarter. Legal & General Group Plc now owns 43,094 shares of the technology company’s stock valued at $4,353,000 after purchasing an additional 2,057 shares during the last quarter.

Guidewire Software Company Profile

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 that prefer to subscribe to a cloud-based solution.

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

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