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Compared to Estimates, Guidewire Software (GWRE) Q3 Earnings: A Look at Key Metrics
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For the quarter ended April 2024, Guidewire Software (GWRE - Free Report) reported revenue of $240.68 million, up 16% over the same period last year. EPS came in at $0.26, compared to -$0.08 in the year-ago quarter.
The reported revenue represents a surprise of +3.98% over the Zacks Consensus Estimate of $231.46 million. With the consensus EPS estimate being $0.13, the EPS surprise was +100.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Guidewire Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual recurring revenue: $828 million versus the four-analyst average estimate of $818 million.
Revenue- Subscription and support: $137.97 million versus the six-analyst average estimate of $131.34 million.
Revenues- License: $56.21 million versus the five-analyst average estimate of $56.08 million.
Revenues- Services: $46.50 million compared to the $41.49 million average estimate based on five analysts.
Gross profit- Subscription and support: $86.79 million compared to the $84.58 million average estimate based on four analysts.
Gross profit- Services: $0.07 million compared to the $1.04 million average estimate based on four analysts.
Gross profit- License: $55.37 million versus $54.55 million estimated by four analysts on average.
Shares of Guidewire Software have returned -6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Guidewire Software (GWRE) Q3 Earnings: A Look at Key Metrics
For the quarter ended April 2024, Guidewire Software (GWRE - Free Report) reported revenue of $240.68 million, up 16% over the same period last year. EPS came in at $0.26, compared to -$0.08 in the year-ago quarter.
The reported revenue represents a surprise of +3.98% over the Zacks Consensus Estimate of $231.46 million. With the consensus EPS estimate being $0.13, the EPS surprise was +100.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Guidewire Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual recurring revenue: $828 million versus the four-analyst average estimate of $818 million.
- Revenue- Subscription and support: $137.97 million versus the six-analyst average estimate of $131.34 million.
- Revenues- License: $56.21 million versus the five-analyst average estimate of $56.08 million.
- Revenues- Services: $46.50 million compared to the $41.49 million average estimate based on five analysts.
- Gross profit- Subscription and support: $86.79 million compared to the $84.58 million average estimate based on four analysts.
- Gross profit- Services: $0.07 million compared to the $1.04 million average estimate based on four analysts.
- Gross profit- License: $55.37 million versus $54.55 million estimated by four analysts on average.
View all Key Company Metrics for Guidewire Software here>>>Shares of Guidewire Software have returned -6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.