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Guidewire Software (GWRE) Down 9.5% Since Last Earnings Report: Can It Rebound?
October 3, 2020 | software | No Comments
It has been about a month since the last earnings report for Guidewire Software (GWRE). Shares have lost about 9.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Guidewire Software due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Guidewire Q4 Earnings & Revenues Top Estimates
Guidewire Software, Inc. reported fourth-quarter fiscal 2020 non-GAAP earnings of 83 cents per share, outpacing the Zacks Consensus Estimate by 84.4%. Moreover, the bottom line improved 48.2% from the year-ago quarter’s figure.
The company reported revenues of $243.7 million, which beat the Zacks Consensus Estimate by 16.9%. The figure also came above the higher end of management’s guidance of