By Kelly Cloonan
NCino guided for earnings and revenue for the current fiscal year below Wall Street estimates after swinging to a loss in its fiscal fourth quarter.
The cloud-banking company forecast for adjusted earnings per share between $0.66 to $0.69 for fiscal 2026, below analyst estimates for 88 cents a share, according to FactSet.
Its revenue forecast for between $574.5 million and $578.5 million also came in below consensus estimates of $612.1 million.
Shares fell 19%, to $22.65, in after-hours trading.
Chief Executive Sean Desmond said nCino is uniquely positioned to seize opportunities in artificial intelligence going forward, given AI is already embedded in the company's onboarding, account opening, lending and portfolio-management offerings.
The outlook came as the company reported a loss of $18.6 million, or 16 cents a share, for its fourth-quarter ended Jan. 31 compared with a profit of $1.2 million, or 1 cent a share, a year earlier.
Adjusted earnings were 12 cents a share, below the 19 cents a share expected by analysts polled by FactSet.
Revenue rose 14%, to $141.4 million, compared with $123.7 million a year ago. Analysts expected sales of $140.9 million.
The company's subscription business, with sales up 16% year-over-year, led the overall revenue growth.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 01, 2025 16:42 ET (20:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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