Guidewire Software Q2 2024 Adj EPS $0.460 Beats $0.230 Estimate, Sales $240.897M Miss $240.913M Estimate
Portfolio Pulse from Benzinga Newsdesk
Guidewire Software (NYSE:GWRE) reported Q2 2024 adjusted EPS of $0.460, surpassing the $0.230 estimate, marking a 319.05% increase from the previous year. However, sales of $240.897M slightly missed the $240.913M estimate, though they represent a 3.56% increase year-over-year.
March 07, 2024 | 9:19 pm
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Guidewire Software reported a significant beat on adjusted EPS at $0.460 vs. the $0.230 estimate for Q2 2024, and a slight miss on sales, reporting $240.897M against a $240.913M estimate.
The substantial beat on the EPS estimate and the slight miss on sales revenue suggest a mixed but overall positive financial performance for Guidewire Software. The significant increase in EPS year-over-year indicates strong profitability improvements, which is likely to be viewed positively by investors. The minor miss in sales is unlikely to overshadow the earnings beat, suggesting a potential positive short-term impact on GWRE's stock price.
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