Clearwater Analytics (CWAN - Free Report) reported $94.66 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 23.7%. EPS of $0.09 for the same period compares to $0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $92.06 million, representing a surprise of +2.83%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Clearwater Analytics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total ARR: $362.40 million versus $369.43 million estimated by three analysts on average.
- Net revenue retention rate: 108% compared to the 103.5% average estimate based on two analysts.
- Number of Clients: 1,200 versus the two-analyst average estimate of 1,346.
View all Key Company Metrics for Clearwater Analytics here>>>Shares of Clearwater Analytics have returned +12.7% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Clearwater Analytics (CWAN - Free Report) reported $94.66 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 23.7%. EPS of $0.09 for the same period compares to $0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $92.06 million, representing a surprise of +2.83%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Clearwater Analytics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total ARR: $362.40 million versus $369.43 million estimated by three analysts on average.
- Net revenue retention rate: 108% compared to the 103.5% average estimate based on two analysts.
- Number of Clients: 1,200 versus the two-analyst average estimate of 1,346.
View all Key Company Metrics for Clearwater Analytics here>>>Shares of Clearwater Analytics have returned +12.7% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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