Yahoo Finance Guidewire Software First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Guidewire Software (NYSE:GWRE) First Quarter 2023 Results
Key Financial Results
Revenue: US$195.3m (up 18% from 1Q 2022).
Net loss: US$69.3m (loss widened by 35% from 1Q 2022).
US$0.83 loss per share (further deteriorated from US$0.62 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guidewire Software Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 4.4%.
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 1.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Guidewire Software has 2 warning signs we think you should be aware of.
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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.
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