Guidewire Software Inc reports results for the quarter ended July 31 - Earnings Summary

• Guidewire Software Inc GWRE reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 58 cents to 70 cents per share.

• Revenue rose 22.3% to $356.57 million from a year ago; analysts expected $337.86 million.

• Guidewire Software Inc's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $51.95 million.

• Guidewire Software Inc shares had fallen by 6.9% this quarter and gained 30.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Guidewire Software Inc is $267.50, about 18.9% above its last closing price of $216.99

This summary was machine generated from LSEG data September 4 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)