Ncino Analysts Boost Their Forecasts After Strong Q4 Earnings

nCino, Inc. NCNO reported better-than-expected fourth-quarter earnings results and issued FY25 adjusted earnings guidance above estimates on Tuesday.

Ncino posted adjusted earnings of 21 cents per share, beating market estimates of 12 cents per share. The company’s quarterly sales came in at $123.69 million missing expectations of $124.62 million, according to data from Benzinga Pro.

“We are very pleased with our fourth quarter fiscal year 2024 financial results, particularly about closing the year with our strongest gross sales quarter in the past ten quarters," said Pierre Naudé, CEO and Chairman of the Board at nCino. "The team's solid execution and continued focus on product innovation and experience improvements, coupled with more normal buying cycles and positive tone from customers, fuels our optimism for the year ahead and beyond.”

nCino said it sees first-quarter total revenues of $126 million to $127 million, versus estimates of $128.848 million. The company expects adjusted earnings of 13 cents to 14 cents per share, versus estimates of 12 cents per share.

The company said it expects FY25 total revenues of $538.5 million to $544.5 million, versus estimates of $545.725 million and sees adjusted EPS of 60 cents to 64 cents, versus estimates of 56 cents.

Ncino shares jumped 19.2% to trade at $35.97 on Wednesday.

These analysts made changes to their price targets on Ncino following earnings announcement.

• Needham raised the price target on Ncino from $40 to $42. Needham analyst Mayank Tandon maintained a Buy rating.
• Baird increased the price target on Ncino from $34 to $36. Baird analyst Joe Vruwink maintained a Neutral rating.
• Piper Sandler analyst Brent Bracelin, meanwhile, maintained Ncino with an Overweight and maintained a $42 price target.

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