nCino Inc reports results for the quarter ended April 30 - Earnings Summary

• nCino Inc NCNO.OQ reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 14 cents to 20 cents per share.

• Revenue rose 12.5% to $144.14 million from a year ago; analysts expected $140.74 million.

• nCino Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $5.56 million.

• nCino Inc shares had fallen by 1.8% this quarter and lost 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for nCino Inc is $27.50

This summary was machine generated from LSEG data May 28 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)