Here's Why Guidewire Software (GWRE) is Poised for a Turnaround After Losing 12.4% in 4 Weeks

Group 1 - Guidewire Software (GWRE) has experienced significant selling pressure, resulting in a 12.4% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The Relative Strength Index (RSI) for GWRE is currently at 26.61, indicating that the stock is in oversold territory, which may suggest a potential reversal in trend [5] - There has been a strong consensus among sell-side analysts to raise earnings estimates for GWRE, leading to a 10.8% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - GWRE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]