Compared to Estimates, Clearwater Analytics (CWAN) Q3 Earnings: A Look at Key Metrics

Financial Performance - Clearwater Analytics reported revenue of $115.83 million for the quarter ended September 2024, representing a 22.4% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $0.12, up from $0.09 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $113.37 million by 2.17% [1] - The EPS also surpassed the consensus estimate of $0.11 by 9.09% [1] Key Metrics - Total Annual Recurring Revenue (ARR) was $456.90 million, slightly above the estimated $455.64 million [3] - The number of clients stood at 1,300, which was below the average estimate of 1,425 [3] - The net revenue retention rate was 114%, exceeding the estimated 110.1% [3] Stock Performance - Shares of Clearwater Analytics have returned +7.2% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]