On June 4, Guidewire Software rose 6.44% in pre-market trading, trading at $156.01/share, with trading volume of $107,900.
The company is scheduled to release its latest quarterly earnings report after market close today. Market consensus expects revenue of $356 million, representing 25.16% year-over-year growth; adjusted earnings per share of $0.74, up 60.87% year-over-year; and EBIT of $63 million, up 59.87% year-over-year. Last quarter, the company posted a gross margin of 64.47%, net margin of 16.74%, and adjusted EPS growth of 129.41% year-over-year, with subscription and cloud migration momentum continuing to drive both revenue and profit improvement. Multiple institutions have maintained bullish views on the stock, with positive sentiment dominating ahead of the report.
Guidewire Software is a core platform provider for the P&C insurance industry, with products covering the entire insurance lifecycle including product definition, distribution, underwriting, policyholder services, and claims management.
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