Analysts on Wall Street project that Clearwater Analytics (CWAN) will announce quarterly earnings of $0.11 per share in its forthcoming report, representing an increase of 10% year over year. Revenues are projected to reach $120.43 million, increasing 21.6% from the same quarter last year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 5.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Given this perspective, it's time to examine the average forecasts of specific Clearwater Analytics metrics that are routinely monitored and predicted by Wall Street analysts.

Based on the collective assessment of analysts, 'Total ARR' should arrive at $481.91 million. Compared to the current estimate, the company reported $379.10 million in the same quarter of the previous year.

The consensus among analysts is that 'Number of Clients' will reach 1,466. The estimate compares to the year-ago value of 1,349.

It is projected by analysts that the 'Net revenue retention rate' will reach 112.3%. The estimate compares to the year-ago value of 107%.

View all Key Company Metrics for Clearwater Analytics here>>>

Over the past month, Clearwater Analytics shares have recorded returns of -3.8% versus the Zacks S&P 500 composite's +4.7% change. Based on its Zacks Rank #3 (Hold), CWAN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Clearwater Analytics Holdings, Inc. (CWAN) : Free Stock Analysis Report

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