Guidewire Software (GWRE) Releases Q3 Earnings Guidance

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Guidewire Software (NYSE:GWRE) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.05-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $152.5-156.5 million, compared to the consensus revenue estimate of $148.58 million.Guidewire Software also updated its FY 2019 guidance to $1.35-1.41 EPS.

NYSE GWRE traded down $1.40 on Wednesday, hitting $86.46. 1,221,414 shares of the company were exchanged, compared to its average volume of 744,163. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 960.67, a price-to-earnings-growth ratio of 38.98 and a beta of 1.30. The company has a quick ratio of 8.40, a current ratio of 8.40 and a debt-to-equity ratio of 0.21. Guidewire Software has a 1-year low of $73.82 and a 1-year high of $107.79.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. The business had revenue of $179.70 million for the quarter, compared to the consensus estimate of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The firm’s quarterly revenue was up 66.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, equities analysts expect that Guidewire Software will post 0.3 earnings per share for the current year.

GWRE has been the topic of several research reports. Citigroup reduced their price target on shares of Guidewire Software from $101.00 to $98.00 and set a neutral rating on the stock in a research report on Thursday, December 6th. ValuEngine upgraded shares of Guidewire Software from a buy rating to a strong-buy rating in a research report on Saturday, December 1st. Zacks Investment Research reiterated a hold rating on shares of Guidewire Software in a research report on Tuesday, November 13th. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the stock a buy rating in a research report on Wednesday, December 5th. Finally, Goldman Sachs Group reiterated a buy rating on shares of Guidewire Software in a research report on Friday, February 1st. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $106.40.

In other Guidewire Software news, CEO Marcus Ryu sold 9,715 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $81.17, for a total transaction of $788,566.55. Following the completion of the sale, the chief executive officer now directly owns 10,255 shares of the company’s stock, valued at approximately $832,398.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $82.30, for a total value of $32,920.00. Following the sale, the director now directly owns 11,503 shares of the company’s stock, valued at $946,696.90. The disclosure for this sale can be found here. Insiders have sold a total of 73,256 shares of company stock valued at $6,201,081 over the last three months. Company insiders own 0.69% of the company’s stock.

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Guidewire Software Company Profile

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 that prefer to subscribe to a cloud-based solution.

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Earnings History and Estimates for Guidewire Software (NYSE:GWRE)

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