Analysts forecast that Duck Creek Applied sciences, Inc. (NASDAQ:DCT – Get Score) will announce $71.96 million in gross sales for the present quarter, in keeping with Zacks. Three analysts have issued estimates for Duck Creek Applied sciences’ earnings, with the bottom gross sales estimate coming in at $71.82 million and the very best estimate coming in at $72.06 million. Duck Creek Applied sciences posted gross sales of $67.94 million in the identical quarter final 12 months, which suggests a constructive 12 months over 12 months progress price of 5.9%. The agency is scheduled to announce its subsequent earnings outcomes on Monday, January 1st.
In response to Zacks, analysts count on that Duck Creek Applied sciences will report full 12 months gross sales of $302.24 million for the present fiscal 12 months, with estimates starting from $301.70 million to $302.51 million. For the following monetary 12 months, analysts count on that the enterprise will report gross sales of $347.60 million, with estimates starting from $344.00 million to $350.14 million. Zacks Funding Analysis’s gross sales calculations are a median primarily based on a survey of analysts that observe Duck Creek Applied sciences.
Duck Creek Applied sciences (NASDAQ:DCT – Get Score) final introduced its quarterly earnings knowledge on Thursday, March thirty first. The corporate reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Duck Creek Applied sciences had a unfavourable web margin of two.11% and a constructive return on fairness of 1.14%. The enterprise had income of $76.42 million through the quarter, in comparison with the consensus estimate of $72.57 million. Throughout the identical quarter within the prior 12 months, the agency earned ($0.01) EPS. The corporate’s income for the quarter was up 22.0% in comparison with the identical quarter final 12 months.
Numerous analysis analysts have issued reviews on DCT shares. Barclays decreased their goal worth on shares of Duck Creek Applied sciences from $38.00 to $31.00 and set an “obese” score for the corporate in a analysis observe on Wednesday, March thirtieth. Needham & Firm LLC decreased their worth goal on shares of Duck Creek Applied sciences from $40.00 to $27.00 and set a “purchase” score for the corporate in a analysis observe on Friday, April 1st. Raymond James decreased their worth goal on shares of Duck Creek Applied sciences from $36.00 to $24.00 and set an “outperform” score for the corporate in a analysis observe on Friday, April 1st. DA Davidson decreased their worth goal on shares of Duck Creek Applied sciences from $38.00 to $34.00 in a analysis observe on Friday, April 1st. Lastly, Zacks Funding Analysis lowered shares of Duck Creek Applied sciences from a “strong-buy” score to a “maintain” score in a analysis observe on Wednesday, June 1st. Three analysis analysts have rated the inventory with a maintain score and 7 have issued a purchase score to the corporate’s inventory. In response to MarketBeat, the inventory has a consensus score of “Purchase” and a median worth goal of $31.70.
Duck Creek Applied sciences inventory opened at $19.55 on Wednesday. The agency has a 50-day shifting common worth of $17.68 and a two-hundred day shifting common worth of $22.81. The agency has a market capitalization of $2.59 billion, a price-to-earnings ratio of -488.75, a PEG ratio of 9.30 and a beta of 0.22. Duck Creek Applied sciences has a 52-week low of $14.90 and a 52-week excessive of $50.90.
In associated information, CFO Kevin R. Rhodes acquired 3,000 shares of the corporate’s inventory in a transaction on Monday, April twenty fifth. The shares had been bought at a median worth of $16.66 per share, for a complete transaction of $49,980.00. Following the acquisition, the chief monetary officer now owns 137,393 shares within the firm, valued at $2,288,967.38. The acquisition was disclosed in a doc filed with the SEC, which will be accessed via this hyperlink. 2.90% of the inventory is owned by insiders.
Numerous institutional traders have lately added to or decreased their stakes in DCT. Advisor Group Holdings Inc. grew its place in Duck Creek Applied sciences by 8.3% within the fourth quarter. Advisor Group Holdings Inc. now owns 37,670 shares of the corporate’s inventory price $1,135,000 after buying an extra 2,888 shares within the final quarter. Cornerstone Funding Companions LLC purchased a brand new stake in Duck Creek Applied sciences within the fourth quarter price roughly $210,000. Squarepoint Ops LLC grew its place in Duck Creek Applied sciences by 335.3% within the fourth quarter. Squarepoint Ops LLC now owns 185,843 shares of the corporate’s inventory price $5,596,000 after buying an extra 143,148 shares within the final quarter. Bayesian Capital Administration LP purchased a brand new stake in Duck Creek Applied sciences within the fourth quarter price roughly $493,000. Lastly, Neuberger Berman Group LLC grew its place in Duck Creek Applied sciences by 756.3% within the third quarter. Neuberger Berman Group LLC now owns 2,226,454 shares of the corporate’s inventory price $98,495,000 after buying an extra 1,966,435 shares within the final quarter. Hedge funds and different institutional traders personal 71.84% of the corporate’s inventory.
Duck Creek Applied sciences Firm Profile (Get Score)
Duck Creek Applied sciences, Inc supplies software-as-a-service core methods to the property and casualty insurance coverage trade in the US and internationally. The corporate supplies Duck Creek Coverage, an answer that allows insurers to develop and launch new insurance coverage merchandise and handle varied points of coverage administration starting from product definition to quoting, binding, and servicing; Duck Creek Billing that gives fee and invoicing capabilities, resembling billing and collections, fee processing, disbursement administration, and normal ledger capabilities for insurance coverage strains and invoice varieties; and Duck Creek Claims that helps whole claims lifecycle from first discover of loss via investigation, funds, negotiations, reporting, and closure.
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