Duck Creek Technologies, Inc. (NYSE:DCT) Expected to Post Quarterly Sales of $71.95 Million

Wall Street analysts forecast that Duck Creek Technologies, Inc. (NYSE:DCTGet Rating) will post sales of $71.95 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Duck Creek Technologies’ earnings. The lowest sales estimate is $71.82 million and the highest is $72.06 million. Duck Creek Technologies posted sales of $67.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Duck Creek Technologies will report full-year sales of $302.30 million for the current financial year, with estimates ranging from $301.70 million to $302.51 million. For the next fiscal year, analysts anticipate that the business will report sales of $348.66 million, with estimates ranging from $344.00 million to $351.84 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Duck Creek Technologies.

Separately, StockNews.com began coverage on shares of Duck Creek Technologies in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

NYSE:DCT traded down $0.68 during trading hours on Friday, hitting $15.93. The company had a trading volume of 629,086 shares, compared to its average volume of 786,463. Duck Creek Technologies has a 52 week low of $15.41 and a 52 week high of $50.90.

About Duck Creek Technologies (Get Rating)

Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.

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