Guidewire Software Analysts Increase Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Guidewire Software (NYSE: GWRE) reported better-than-expected Q3 earnings and raised FY24 revenue guidance. Analysts have increased their price targets following the strong results.
June 05, 2024 | 12:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Guidewire Software reported Q3 earnings of 26 cents per share, beating the consensus estimate of 13 cents. Quarterly sales were $240.7 million, surpassing the estimate of $231.271 million. The company raised its FY24 revenue guidance above estimates. Analysts have increased their price targets following the strong results.
Guidewire Software's better-than-expected earnings and raised revenue guidance indicate strong performance and future growth potential. Analysts' increased price targets further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100