Banking software provider nCino (NASDAQ: NCNO) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.
nCino beat analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $148.8 million, up 12.4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is nCino a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting nCino’s revenue to grow 6.1% year on year to $147.3 million, slowing from the 13.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.3% on average.
Looking at nCino’s peers in the vertical software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Q2 Holdings delivered year-on-year revenue growth of 15.2%, beating analysts’ expectations by 2%, and Toast reported revenues up 25.1%, topping estimates by 3%. Q2 Holdings traded up 14.8% following the results while Toast was also up 9.5%.
Read our full analysis of Q2 Holdings’s results here and Toast’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the vertical software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. nCino is down 8.3% during the same time and is heading into earnings with an average analyst price target of $35.61 (compared to the current share price of $24.52).
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