Guidewire Software Inc (GWRE) Expected to Announce Earnings of $0.74 Per Share

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Equities research analysts expect Guidewire Software Inc (NYSE:GWRE) to report $0.74 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.71. Guidewire Software reported earnings per share of $0.59 during the same quarter last year, which would indicate a positive year over year growth rate of 25.4%. The company is expected to issue its next earnings report on Wednesday, September 5th.

On average, 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 expect that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $140.47 million for the quarter, compared to the consensus estimate of $137.31 million. Guidewire Software had a negative net margin of 12.83% and a positive return on equity of 0.33%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS.

A number of equities analysts have issued reports on GWRE shares. DA Davidson lifted their price objective on shares of Guidewire Software from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp reaffirmed a “buy” rating and set a $91.00 price objective on shares of Guidewire Software in a report on Wednesday, March 7th. Deutsche Bank lifted their price objective on shares of Guidewire Software from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. ValuEngine raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $88.00 to $93.00 and gave the stock a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Guidewire Software presently has an average rating of “Buy” and an average price target of $94.11.

Guidewire Software traded down $5.70, reaching $87.20, during mid-day trading on Friday, according to MarketBeat.com. 1,688,000 shares of the stock were exchanged, compared to its average volume of 587,108. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 217.75 and a beta of 1.06. Guidewire Software has a 1 year low of $64.05 and a 1 year high of $96.19.

In related news, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $86.52, for a total value of $34,608.00. Following the sale, the director now directly owns 10,193 shares in the company, valued at approximately $881,898.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marcus Ryu sold 14,317 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $84.11, for a total value of $1,204,202.87. The disclosure for this sale can be found here. Insiders sold a total of 52,887 shares of company stock worth $4,350,325 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its stake in Guidewire Software by 5.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,602 shares of the technology company’s stock worth $938,000 after buying an additional 595 shares in the last quarter. Aperio Group LLC boosted its stake in Guidewire Software by 7.3% in the first quarter. Aperio Group LLC now owns 9,473 shares of the technology company’s stock worth $766,000 after buying an additional 642 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 worth $173,000 after buying an additional 683 shares in the last quarter. Legal & General Group Plc boosted its stake in Guidewire Software by 1.9% in the first quarter. Legal & General Group Plc now owns 40,292 shares of the technology company’s stock worth $3,256,000 after buying an additional 733 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Guidewire Software by 12.7% in the first quarter. D.A. Davidson & CO. now owns 6,652 shares of the technology company’s stock worth $538,000 after buying an additional 747 shares in the last quarter.

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.

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