Shares of Duck Creek Technologies, Inc. (DCT), a provider of core systems to the property and casualty insurance industry, are rising more than 7% Thursday morning after reporting better-than-expected earnings in the fourth quarter.
The company reported net loss of $2.4 million or $0.02 per share in the fourth quarter, narrower than $5.6 million or $0.04 per share last year.
Excluding one-time items, Duck Creek's earnings increased to $4.5 million or $0.03 per share from $2.6 million or $0.02 per share a year ago, that beat the average estimate of analysts polled by Thomson Reuters of $0.02 per share.
Quarterly evenue was $80.7 million, an increase of 14% from the comparable period last year, helped primarily by 21% growth in subscription revenue.
Looking forward to the first quarter, the company sees revenue in the range of $75.5 million to $77.5 million and adjusted EPS in the range of $0.01 loss-$0.00. Analysts expect earnings of $0.02 per share on revenue of $76.03 million for the quarter.
For the full year, revenue is expected between $328.0 million and $336.0 million and EPS in the range of $0.11 to $0.13. The consensus estimate for earnings is at $0.12 per share and for revenue stands at $323.34 million.
DCT, currently at $11.60, has traded in the range of $10.55-$46.75 in the last 1 year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.