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Guidewire Software (GWRE) Reports Q4 Earnings: What Key Metrics Have to Say
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Guidewire Software (GWRE - Free Report) reported $291.52 million in revenue for the quarter ended July 2024, representing a year-over-year increase of 8%. EPS of $0.62 for the same period compares to $0.74 a year ago.
The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $283.15 million. With the consensus EPS estimate being $0.52, the EPS surprise was +19.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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
: $872 million compared to the $861.53 million average estimate based on four analysts.
Revenue- Subscription and support
: $151.85 million versus $148.76 million estimated by five analysts on average.
Revenues- License
: $88.86 million versus $85.83 million estimated by five analysts on average.
Revenues- Services
: $50.81 million compared to the $48.74 million average estimate based on five analysts.
Gross profit- Subscription and support
: $96.23 million versus the four-analyst average estimate of $96.15 million.
Gross profit- Services
: $2.35 million versus $5.79 million estimated by four analysts on average.
Gross profit- License
: $87.86 million versus $83.89 million estimated by four analysts on average.
Shares of Guidewire Software have returned +4.6% over the past month versus the Zacks S&P 500 composite's +3.4% 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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Guidewire Software (GWRE) Reports Q4 Earnings: What Key Metrics Have to Say
Guidewire Software (GWRE - Free Report) reported $291.52 million in revenue for the quarter ended July 2024, representing a year-over-year increase of 8%. EPS of $0.62 for the same period compares to $0.74 a year ago.
The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $283.15 million. With the consensus EPS estimate being $0.52, the EPS surprise was +19.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
View all Key Company Metrics for Guidewire Software here>>>Annual recurring revenue
: $872 million compared to the $861.53 million average estimate based on four analysts.Revenue- Subscription and support
: $151.85 million versus $148.76 million estimated by five analysts on average.Revenues- License
: $88.86 million versus $85.83 million estimated by five analysts on average.Revenues- Services
: $50.81 million compared to the $48.74 million average estimate based on five analysts.Gross profit- Subscription and support
: $96.23 million versus the four-analyst average estimate of $96.15 million.Gross profit- Services
: $2.35 million versus $5.79 million estimated by four analysts on average.Gross profit- License
: $87.86 million versus $83.89 million estimated by four analysts on average.Shares of Guidewire Software have returned +4.6% over the past month versus the Zacks S&P 500 composite's +3.4% 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.