Guidewire Software Set to Announce Earnings Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Yahoo Finance
- Earnings Expectations: Guidewire Software is expected to report a 21.2% year-on-year revenue growth this quarter, aligning with the 22% increase recorded in the same quarter last year, indicating sustained growth potential in the insurance software market that could further boost investor confidence.
- Last Quarter Performance: In the previous quarter, Guidewire Software reported revenues of $359.1 million, up 24% year-on-year, exceeding analysts' expectations, which demonstrates the company's increasing competitiveness and profitability in the market.
- Analyst Confidence: Over the past 30 days, the majority of analysts covering Guidewire Software have reaffirmed their estimates, reflecting a positive outlook on the company's future performance, which may drive the stock price up following the earnings announcement.
- Market Performance: Over the past month, Guidewire Software's stock has risen by 13.5%, outperforming the vertical software sector's average growth of 13.1%, indicating strong investor sentiment ahead of its earnings report.
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Analyst Views on GWRE
Wall Street analysts forecast GWRE stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
About GWRE
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. The Company's foundational core products, InsuranceSuite and InsuranceNow, are delivered primarily as cloud-based subscription services. These products serve as transactional systems of record, fully supporting insurance operations, including product definition, policy administration, claims management and billing. It provides digital engagement products that enable seamless sales, and omnichannel service. InsuranceSuite is a configurable and scalable product, delivered as a service, and primarily comprised of five core applications (PolicyCenter, ClaimCenter, BillingCenter, PricingCenter, and UnderwritingCenter) that can be subscribed to separately or together. InsuranceNow is a cloud-based application that offers policy administration, claims management, and billing functionality, plus pre-integrated document production, analytics, and other capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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