Clearwater Analytics Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Clearwater Analytics Holdings (NYSE:CWAN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$115.8m (up 22% from 3Q 2023).
• Net income: US$3.63m (up from US$1.89m loss in 3Q 2023).
• Profit margin: 3.1% (up from net loss in 3Q 2023).
• EPS: US$0.017 (up from US$0.009 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Clearwater Analytics Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 26% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Clearwater Analytics Holdings has 2 warning signs we think you should be aware of.

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