Analysts Expect Guidewire Software Inc (GWRE) Will Post Quarterly Sales of $154.51 Million

Equities analysts forecast that Guidewire Software Inc (NYSE:GWRE) will report $154.51 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Guidewire Software’s earnings, with the lowest sales estimate coming in at $154.00 million and the highest estimate coming in at $155.36 million. Guidewire Software reported sales of $115.62 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.6%. The firm is expected to report its next earnings results on Thursday, March 1st.

On average, analysts expect that Guidewire Software will report full year sales of $154.51 million for the current year, with estimates ranging from $636.00 million to $641.00 million. For the next financial year, analysts expect that the company will post sales of $753.73 million per share, with estimates ranging from $726.00 million to $788.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. Guidewire Software’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS.

Several analysts have issued reports on GWRE shares. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Tuesday, October 24th. Deutsche Bank restated a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $86.00 price objective on shares of Guidewire Software in a research note on Friday, September 29th. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Citigroup set a $85.00 price objective on Guidewire Software and gave the company a “buy” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.11.

Guidewire Software (NYSE:GWRE) traded up $1.04 during trading hours on Friday, reaching $76.68. The company’s stock had a trading volume of 740,000 shares, compared to its average volume of 518,075. The company has a market capitalization of $5,800.00, a price-to-earnings ratio of 306.72, a price-to-earnings-growth ratio of 85.84 and a beta of 1.17. Guidewire Software has a 12-month low of $51.00 and a 12-month high of $83.52.

In other news, CEO Marcus Ryu sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $78.80, for a total transaction of $1,970,000.00. Following the transaction, the chief executive officer now owns 114,178 shares in the company, valued at $8,997,226.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Hart sold 1,114 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $72.80, for a total value of $81,099.20. Following the transaction, the chief financial officer now owns 4,776 shares in the company, valued at approximately $347,692.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,534 shares of company stock worth $7,767,441. 0.69% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of GWRE. D.A. Davidson & CO. boosted its holdings in shares of Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,476 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $161,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $200,000.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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