Guidewire Software Q1 Adj EPS $0.00 Beats $(0.18) Estimate, Sales $207.41M Beat $200.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Guidewire Software (NYSE:GWRE) reported Q1 adjusted EPS of $0.00, surpassing the $(0.18) estimate, marking a significant improvement from the $(0.12) per share loss in the same period last year. Sales reached $207.41M, exceeding the $200.93M estimate and showing a 6.21% increase from last year's $195.28M.
December 07, 2023 | 9:27 pm
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POSITIVE IMPACT
Guidewire Software reported a strong Q1 with adjusted EPS at $0.00, beating estimates by 100.56%, and sales of $207.41M, 3.22% above expectations.
Guidewire's positive earnings report, with both EPS and sales exceeding analyst estimates, is likely to instill investor confidence and could lead to a short-term increase in stock price. The significant beat on EPS, especially moving from a loss to break-even, is a strong positive signal. The sales growth compared to the previous year further supports a bullish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100