Overview
Investment management platform's Q4 revenue rose, slightly beating analyst expectations
Adjusted EBITDA for Q4 beat analyst estimates, growing 78% yr/yr
Result Drivers
GENAI INVESTMENTS - Co attributed record non-GAAP gross margin to efficiencies from GenAI investments
AI CAPABILITIES - Co reported a 10x increase in clients using AI workflows, reducing manual reconciliation by 90%
CLIENT BASE EXPANSION - Co closed multiple 7-figure deals, expanding client base with new wins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $217.50 mln | $216.66 mln (10 Analysts) |
Q4 Adjusted Net Income | Slight Miss* | $44.40 mln | $44.84 mln (8 Analysts) |
Q4 Net Income | -$12.50 mln | ||
Q4 Adjusted EBITDA | Beat | $74.10 mln | $72.98 mln (10 Analysts) |
Q4 Adjusted EBITDA Margin | 34.10% | ||
Q4 Adjusted Gross Profit | $172.20 mln | ||
Q4 Annual Recurring Revenue | $841 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "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 Clearwater Analytics Holdings Inc is $24.55, about 7.1% above its February 17 closing price of $22.93
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nBw8kmXXja
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)