nCino Inc reports results for the quarter ended July 31 - Earnings Summary

• nCino Inc NCNO.OQ reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 13 cents to 15 cents per share.

• Revenue rose 12.4% to $148.82 million from a year ago; analysts expected $143.15 million.

• nCino Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $15.26 million.

• nCino Inc shares had risen by 1.4% this quarter and lost 15.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.5% 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 "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 10 "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 $33.00, about 14% above its last closing price of $28.37

This summary was machine generated from LSEG data August 26 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)