Guidewire Software Earnings: Here’s Why Investors are Buying Shares Now
Guidewire Software Inc (NYSE:GWRE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 12.75%.
Guidewire Software Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.53% to $0.21 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Decreased 0% to $72.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $64.26 million.
Quoting Management: “As customer retention and growth through improved service and new products have become top business priorities, Property/Casualty (P/C) insurers are increasingly viewing modern policy management modules as one of their most important technology investments,” said Jeff Haner, principal research analyst, Insurance, Gartner and author of the report. “These systems —with capabilities such as support for customer self-service and real-time transactions, templates for faster deployment of new products, and design tools that make common product changes accessible to nontechnical users — promise improvements in speed and flexibility that are orders of magnitude greater than legacy policy systems.”
Key Stats (on next page)…