Clearwater Analytics Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Clearwater Analytics Holdings Inc CWAN.N reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eleven analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 18 cents per share.

• Revenue rose 70.4% to $181.94 million from a year ago; analysts expected $174.13 million.

• Clearwater Analytics Holdings Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $23.23 million.

• Clearwater Analytics Holdings Inc shares had fallen by 7.0% this quarter and lost 25.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Clearwater Analytics Holdings Inc is $35.00, about 41.7% above its last closing price of $20.42

This summary was machine generated from LSEG data August 7 at 01:25 a.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)