Analysts Expect Guidewire Software, Inc. (NYSE:GWRE) to Announce -$0.01 EPS


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Wall Street analysts forecast that Guidewire Software, Inc. (NYSE:GWRE) will report earnings of ($0.01) per share for the current quarter, according to Zacks. Four analysts have issued estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.03). Guidewire Software posted earnings of $0.21 per share in the same quarter last year, which would suggest a negative year over year growth rate of 104.8%. The firm is scheduled to issue its next earnings report on Wednesday, March 3rd.

According to Zacks, analysts expect that Guidewire Software will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.20 to $0.42. For the next financial year, analysts expect that the firm will post earnings of $0.31 per share, with EPS estimates ranging from $0.15 to $0.53. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Monday, December 7th. The technology company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.22. Guidewire Software had a positive return on equity of 0.81% and a negative net margin of 4.29%. The firm had revenue of $169.80 million during the quarter, compared to the consensus estimate of $164.60 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.

A number of research analysts have recently commented on GWRE shares. Needham & Company LLC lifted their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, December 9th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $127.33.

Shares of GWRE opened at $128.73 on Wednesday. The company has a current ratio of 7.27, a quick ratio of 5.96 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $122.47 and its 200 day simple moving average is $112.87. Guidewire Software has a 1-year low of $71.64 and a 1-year high of $129.76. The company has a market cap of $10.78 billion, a price-to-earnings ratio of -330.08 and a beta of 1.35.

In other news, CEO Michael George Rosenbaum sold 4,577 shares of the business’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $125.10, for a total value of $572,582.70. Following the completion of the sale, the chief executive officer now owns 24,829 shares of the company’s stock, valued at $3,106,107.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 1,481 shares of the company’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $125.10, for a total transaction of $185,273.10. Following the completion of the transaction, the insider now owns 7,138 shares in the company, valued at $892,963.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,222 shares of company stock worth $3,107,047. Insiders own 0.12% of the company’s stock.

Several large investors have recently made changes to their positions in GWRE. Principal Financial Group Inc. grew its position in Guidewire Software by 78.5% during the second quarter. Principal Financial Group Inc. now owns 3,487,222 shares of the technology company’s stock worth $386,559,000 after buying an additional 1,533,149 shares in the last quarter. Bank of Nova Scotia bought a new stake in Guidewire Software during the second quarter worth about $521,000. Teacher Retirement System of Texas acquired a new stake in Guidewire Software during the second quarter worth about $299,000. California Public Employees Retirement System increased its holdings in Guidewire Software by 0.3% in the 2nd quarter. California Public Employees Retirement System now owns 170,772 shares of the technology company’s stock valued at $18,930,000 after buying an additional 528 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Guidewire Software by 46.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,233 shares of the technology company’s stock valued at $1,467,000 after buying an additional 4,198 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

About Guidewire Software

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, which offers policy, billing, and claims management functionality to insurers.

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