Guidewire Software Inc (GWRE) Updates FY15 Earnings Guidance
Guidewire Software Inc (NASDAQ:GWRE) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.35-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55, Stock Ratings Network reports. The company issued revenue guidance of $364.2-381.9 million, compared to the consensus revenue estimate of $386.08 million.Guidewire Software also updated its Q1 guidance to $0.01-0.05 EPS.
Shares of Guidewire Software Inc (NASDAQ:GWRE) traded up 0.59% during mid-day trading on Tuesday, hitting $45.82. 1,330,477 shares of the company’s stock traded hands. Guidewire Software Inc has a 1-year low of $33.66 and a 1-year high of $58.00. The stock’s 50-day moving average is $41.26 and its 200-day moving average is $42.97. The company’s market cap is $3.141 billion.
Guidewire Software (NASDAQ:GWRE) last announced its earnings results on Tuesday, September 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $112.66 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Guidewire Software Inc will post $0.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on GWRE. Analysts at Stephens initiated coverage on shares of Guidewire Software in a research note on Tuesday, August 12th. They set an overweight rating on the stock. Analysts at Zacks downgraded shares of Guidewire Software from an outperform rating to a neutral rating in a research note on Tuesday, August 5th. They now have a $44.80 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $52.16.
In other Guidewire Software news, CFO Karen Blasing unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $45.00, for a total value of $67,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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