Guidewire Software is set to report its quarterly earnings after the bell on Thursday, with analysts expecting revenue to grow 12.8% year on year, a slowdown from the 22.3% increase recorded in the same quarter last year. The insurance software provider beat revenue expectations last quarter with $372.5 million, up 26.9% year on year, and also exceeded adjusted operating income and billings estimates. Analysts have generally reconfirmed their estimates over the past 30 days, and the company has a history of beating Wall Street expectations. Peers in the vertical software segment, such as Alarm.com and Manhattan Associates, have already reported strong results, with shares in the segment up 11.1% on average over the last month, while Guidewire's stock has risen 28.7% and trades near its average analyst price target of $206.93.
Guidewire Software IncEarnings preview; analysts expect revenue growth slowdown, but company has history of beating estimates.
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