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nCino Earnings: What To Look For From NCNO

NCNO Cover Image

Bank software company nCino (NASDAQ: NCNO) will be reporting results tomorrow after the bell. Here’s what investors should know.

nCino beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $138.8 million, up 13.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates.

Is nCino a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting nCino’s revenue to grow 13.9% year on year to $140.9 million, in line with the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.

nCino Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. nCino has missed Wall Street’s revenue estimates four times over the last two years.

Looking at nCino’s peers in the vertical software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Toast delivered year-on-year revenue growth of 29.2%, beating analysts’ expectations by 1.7%, and Autodesk reported revenues up 11.6%, in line with consensus estimates. Toast’s stock price was unchanged after the results, while Autodesk was down 2.8%.

Read our full analysis of Toast’s results here and Autodesk’s results here.


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