Ncino reported second-quarter earnings that fell short of analyst projections despite revenue exceeding expectations. The company, which provides cloud-based banking software, posted adjusted earnings per share of $0.05 for the three months ended July 31, compared with the $0.27 estimate from analysts surveyed by Refinitiv. The shortfall represents a $0.22 per share miss relative to forecasts.
Revenue for the quarter totaled $161 million, topping the $159.14 million consensus estimate. The company’s shares closed at $20.81 on Tuesday, up 29.42% over the prior three months but down 27.47% over the past year.
Ncino also provided guidance for the third quarter and full fiscal year 2027. The company projected third-quarter revenue in the range of $161.25 million to $163.25 million, slightly below the analyst consensus of $162.70 million. For the full fiscal year 2027, Ncino forecast revenue between $644 million and $647 million, aligning closely with the $645 million consensus.
Over the last 90 days, analyst revisions have skewed negative, with seven downward adjustments to earnings per share estimates and two upward revisions.
