nCino Inc Q1 Earnings Beat Estimates: EPS $0.35
nCino Inc Reports Strong Q1 Earnings
nCino Inc (NCNO) reported adjusted earnings of $0.35 per share for the quarter ended April 30, beating the average analyst estimate of $0.27. This compares to $0.16 per share in the same quarter last year.
Revenue and Net Income
Revenue rose 10.6% year-over-year to $159.41 million, exceeding expectations of $154.75 million. Net income for the quarter was $13.64 million.
Stock Performance
Shares gained 1.7% during the quarter but are down 40.6% year-to-date. The median 12-month price target is $23.50, implying a 35.2% upside from the last close of $15.23.
Analyst Ratings
Of 16 analysts, 11 rate the stock as "strong buy" or "buy", 5 as "hold", and none as "sell". The average rating is "buy". No negative revisions were made in the last 30 days.
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