Guidewire Software Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

June 07, 2024

Guidewire Software (NYSE:GWRE) Third Quarter 2024 Results

Key Financial Results

Revenue: US$240.7m (up 16% from 3Q 2023).
Net loss: US$5.48m (loss narrowed by 88% from 3Q 2023).
US$0.066 loss per share (improved from US$0.56 loss in 3Q 2023).

earnings-and-revenue-growth — NYSE:GWRE Earnings and Revenue Growth June 7th 2024

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

Guidewire Software Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Guidewire Software that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.