Guidewire Software: Q3 Earnings Insights

Shares of Guidewire Software GWRE were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 277.78% over the past year to ($0.16), which beat the estimate of ($0.24).

Revenue of $163,968,000 decreased by 2.50% year over year, which beat the estimate of $157,740,000.

Outlook

Guidewire Software Sees FY21 Sales $732M-$738M Vs. $730.41M Est.

Guidewire Sees Q4 Adj. Loss $26M-$20M, Sales $218M-$224M vs $222.7M Estimate

Conference Call Details

Date: Jun 02, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/bktvriya

Recent Stock Performance

52-week high: $134.22

52-week low: $91.77

Price action over last quarter: down 3.87%

Company Overview

Guidewire Software provides software solutions for property and casualty insurers. Flagship product InsuranceSuite is an on-premises system of record and comprises ClaimCenter, a claims management system; PolicyCenter, a policy management system including policy definitions, quotas, issuance, maintenance, and renewal; and BillingCenter, for billing management, payment plans, and agent commissions. The company also offers InsuranceNow, a cloud-based offering, as well as a variety of other add-on applications.