Guidewire Software Inc (GWRE) Expected to Post Earnings of -$0.01 Per Share

Brokerages forecast that Guidewire Software Inc (NYSE:GWRE) will announce ($0.01) earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.02). Guidewire Software reported earnings per share of $0.16 in the same quarter last year, which would suggest a negative year over year growth rate of 106.3%. The company is scheduled to announce its next earnings results on Thursday, June 7th.

According to Zacks, 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 year, analysts forecast that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.19 by $0.14. Guidewire Software had a positive return on equity of 2.54% and a negative net margin of 5.09%. The firm had revenue of $163.80 million for the quarter, compared to the consensus estimate of $154.34 million. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year.

Several research analysts have recently commented on the company. KeyCorp reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Guidewire Software in a research note on Wednesday, March 7th. DA Davidson set a $100.00 price objective on Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, March 8th. William Blair reaffirmed an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Guidewire Software in a research note on Wednesday, March 14th. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.44.

In related news, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $82.50, for a total transaction of $30,937.50. Following the sale, the chief financial officer now owns 3,819 shares of the company’s stock, valued at approximately $315,067.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marcus Ryu sold 19,568 shares of Guidewire Software stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $79.78, for a total value of $1,561,135.04. The disclosure for this sale can be found here. Insiders have sold a total of 72,831 shares of company stock worth $5,940,771 in the last three months. 0.69% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY increased its stake in Guidewire Software by 3.0% in the 1st quarter. Bamco Inc. NY now owns 6,426,048 shares of the technology company’s stock worth $519,417,000 after acquiring an additional 189,915 shares during the last quarter. BlackRock Inc. increased its stake in Guidewire Software by 3.4% in the 4th quarter. BlackRock Inc. now owns 3,334,025 shares of the technology company’s stock worth $247,582,000 after acquiring an additional 109,145 shares during the last quarter. Alliancebernstein L.P. increased its stake in Guidewire Software by 28.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,568,248 shares of the technology company’s stock worth $116,458,000 after acquiring an additional 343,376 shares during the last quarter. Blair William & Co. IL increased its stake in Guidewire Software by 2.3% in the 1st quarter. Blair William & Co. IL now owns 1,215,938 shares of the technology company’s stock worth $98,284,000 after acquiring an additional 27,247 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Guidewire Software by 9.9% in the 4th quarter. American Century Companies Inc. now owns 999,722 shares of the technology company’s stock worth $74,239,000 after acquiring an additional 90,165 shares during the last quarter.

Shares of NYSE GWRE traded down $0.62 during trading on Wednesday, hitting $92.85. The company had a trading volume of 16,670 shares, compared to its average volume of 577,254. Guidewire Software has a 12 month low of $61.28 and a 12 month high of $94.12. The company has a market capitalization of $7.04 billion, a P/E ratio of 233.25 and a beta of 1.04.

Guidewire Software Company Profile

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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