nCino Shares Jump 19% Following Q4 Earnings

nCino Shares Jump 19% Following Q4 Earnings March 27, 2024, 11:03 a.m., readers: 5

nCino (NASDAQ:NCNO) shares surged more than 19% intra-day today following the release of Q4 earnings that surpassed expectations. The financial technology firm reported earnings per share of $0.21, exceeding the $0.12 forecast by analysts, though its revenue of $123.7 million was just shy of the $124.7 million estimate. For the upcoming first quarter, nCino predicts its adjusted earnings per share will be between 13 and 14 cents, outpacing the anticipated 12 cents. Its projected revenue range of $126.0 million to $127.0 million, however, falls below the expected $128.8 million. Looking forward to the fiscal year 2025, nCino is aiming for earnings per share between $0.60 and $0.64, surpassing the consensus estimate of $0.56. Nonetheless, its forecasted revenue of $538.5 million to $544.5 million for the year does not quite reach the $545.7 million analysts had estimated.


n Cino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance. The company's nCino IQ, an application suite that utilizes data analytics and AI/ML to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements.

Price: 29.94
Market cap: 3.4 billion USD
Eps: -0.38
P/e ratio: -78.79
Focus Analysis On: NCNO