Insurance software provider Guidewire Software (NYSE: GWRE) will be announcing earnings results this Thursday afternoon. Here’s what to expect.
Guidewire Software beat analysts’ revenue expectations last quarter, reporting revenues of $359.1 million, up 24% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.
Is Guidewire Software a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Guidewire Software’s revenue to grow 21.2% year on year, in line with the 22% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Guidewire Software has a history of exceeding Wall Street’s expectations.
Looking at Guidewire Software’s peers in the vertical software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Manhattan Associates delivered year-on-year revenue growth of 7.4%, beating analysts’ expectations by 3.3%, and Alarm.com reported revenues up 11%, topping estimates by 5.6%. Manhattan Associates traded up 5.9% following the results while Alarm.com was also up 1.3%.
Read our full analysis of Manhattan Associates’s results here and Alarm.com’s results here.
There has been positive sentiment among investors in the vertical software segment, with share prices up 13.1% on average over the last month. Guidewire Software is up 13.5% during the same time and is heading into earnings with an average analyst price target of $225.77 (compared to the current share price of $163.00).
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