Guidewire Software, Inc. (NYSE:GWRE) Expected to Announce Earnings of -$0.32 Per Share

Wall Street brokerages expect Guidewire Software, Inc. (NYSE:GWREGet Rating) to announce earnings of ($0.32) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Guidewire Software’s earnings. The lowest EPS estimate is ($0.37) and the highest is ($0.26). Guidewire Software reported earnings per share of ($0.16) during the same quarter last year, which would indicate a negative year-over-year growth rate of 100%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of ($0.53) per share for the current year, with EPS estimates ranging from ($0.65) to ($0.44). For the next financial year, analysts forecast that the firm will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.51) to $0.21. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWREGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The technology company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.14. The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $197.47 million. Guidewire Software had a negative net margin of 16.97% and a negative return on equity of 6.50%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS.

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Guidewire Software from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Monday, March 21st. Wells Fargo & Company lowered their price objective on shares of Guidewire Software from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Wednesday, March 9th. BTIG Research lowered their price objective on shares of Guidewire Software from $146.00 to $125.00 in a research report on Wednesday, March 9th. JMP Securities upgraded Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Friday, March 18th. Finally, StockNews.com upgraded Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.90.

Shares of GWRE stock traded down $1.07 during trading hours on Tuesday, hitting $73.01. 1,023,729 shares of the company were exchanged, compared to its average volume of 574,806. The firm has a fifty day moving average of $89.96 and a 200 day moving average of $102.32. The firm has a market cap of $6.10 billion, a PE ratio of -47.49 and a beta of 1.31. Guidewire Software has a 1 year low of $71.75 and a 1 year high of $130.95. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.24.

In other news, CFO Jeffrey Elliott Cooper sold 1,234 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $87.92, for a total transaction of $108,493.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Polelle sold 562 shares of the firm’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $87.92, for a total value of $49,411.04. The disclosure for this sale can be found here. Insiders sold 7,444 shares of company stock worth $654,255 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. TD Asset Management Inc. increased its holdings in shares of Guidewire Software by 16.9% during the first quarter. TD Asset Management Inc. now owns 18,534 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 2,685 shares during the period. Van ECK Associates Corp grew its holdings in Guidewire Software by 17.1% during the first quarter. Van ECK Associates Corp now owns 1,737,384 shares of the technology company’s stock worth $164,391,000 after acquiring an additional 253,401 shares during the period. Morningstar Investment Services LLC acquired a new position in Guidewire Software during the first quarter worth about $3,752,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Guidewire Software by 25.0% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 11,759 shares of the technology company’s stock worth $1,113,000 after acquiring an additional 2,353 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Guidewire Software by 139.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 46,324 shares of the technology company’s stock worth $4,383,000 after acquiring an additional 26,954 shares during the period.

About Guidewire Software (Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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