Guidewire Software Sees Q1 Total Revenue $197M-$202M vs $212.51M Est.; Sees FY24 Total Revenue $976M-$986M
Portfolio Pulse from Bill Haddad
Guidewire Software has projected its Q1 total revenue to be between $197M and $202M, which is lower than the estimated $212.51M. The company also forecasts its FY24 total revenue to be between $976M and $986M.
September 07, 2023 | 8:17 pm
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NEGATIVE IMPACT
Guidewire Software's lower than expected Q1 revenue projection may negatively impact its stock price in the short term.
Guidewire Software's projected Q1 revenue is lower than the estimated $212.51M, which could lead to a negative market reaction and a potential decrease in its stock price. The company's FY24 revenue forecast is also a critical factor to consider.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100