DCT Stock - Duck Creek Technologies, Inc.
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $302.92M | $260.35M | $211.67M | $171.27M | $159.67M |
| Gross Profit | $174.62M | $150.26M | $114.50M | $99.09M | $95.34M |
| Gross Margin | 57.6% | 57.7% | 54.1% | 57.9% | 59.7% |
| Operating Income | $-5,234,000 | $-14,642,000 | $-28,522,000 | $-14,088,000 | $-6,348,000 |
| Net Income | $-8,332,000 | $-16,931,000 | $-29,932,000 | $-16,896,000 | $-7,802,000 |
| Net Margin | -2.8% | -6.5% | -14.1% | -9.9% | -4.9% |
| EPS | $-0.06 | $-0.13 | $-0.23 | $-0.15 | $-0.07 |
Duck Creek Technologies, Inc. provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure. It also offers Duck Creek Rating that allows carriers to develop new rates and models and deliver quotes in real-time based on the complex rating algorithms; Duck Creek Insights, an insurance analytics solution that allows carriers to gather and analyze data from internal and external sources and facilitate analysis and reporting on a single system; Duck Creek Digital Engagement that offer digital interactions between property and casualty insurers and their agents, brokers, and policyholders; and Duck Creek Distribution Management that automates sales channel activities for agents and brokers, including producer onboarding, compliance, and compensation management. In addition, the company provides Duck Creek Reinsurance Management that automates financial and administrative functions; and Duck Creek Industry Content that provides pre-built content, including base business rules, product designs, rating algorithms, data capture screens, and workflows for insurance lines of business, such as commercial auto, inland marine, and workers compensation. It has a partnership with Shift Technologies, Inc. to implement AI fraud detection. The company was founded in 2016 and is based in Boston, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 8th 2023 | DA Davidson | Downgrade | Neutral | $19← $22 |
| January 4th 2023 | BofA Securities | Downgrade | Underperform | $11← $16 |
| December 1st 2022 | JP Morgan | Initiation | Neutral | $13 |
| July 19th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $14← $18 |
| July 1st 2022 | JMP Securities | Downgrade | Market Perform | - |
| July 1st 2022 | BofA Securities | Downgrade | Neutral | $16← $39 |
Earnings History & Surprises
DCTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2024 | Jan 3, 2024 | — | — | — | — |
Q4 2023 | Oct 10, 2023 | — | — | — | — |
Q2 2023 | Jun 27, 2023 | $0.03 | — | — | — |
Q1 2023 | Mar 29, 2023 | $0.03 | $0.02 | -33.3% | ✗ MISS |
Q1 2023 | Jan 5, 2023 | $0.00 | $0.02 | +1097.6% | ✓ BEAT |
Q4 2022 | Oct 12, 2022 | $0.02 | $0.03 | +66.7% | ✓ BEAT |
Q2 2022 | Jun 29, 2022 | $-0.02 | $0.01 | +150.0% | ✓ BEAT |
Q1 2022 | Mar 31, 2022 | $0.01 | $0.04 | +344.4% | ✓ BEAT |
Q1 2022 | Jan 6, 2022 | $0.01 | $0.04 | +471.4% | ✓ BEAT |
Q4 2021 | Oct 14, 2021 | $0.01 | $0.02 | +33.3% | ✓ BEAT |
Q3 2021 | Jul 8, 2021 | $0.01 | $0.03 | +400.0% | ✓ BEAT |
Q2 2021 | Apr 5, 2021 | $0.00 | $0.01 | +134.7% | ✓ BEAT |
Q1 2021 | Jan 7, 2021 | $0.00 | $0.02 | +385.4% | ✓ BEAT |
Q4 2020 | Oct 20, 2020 | $0.01 | $0.02 | +183.3% | ✓ BEAT |
Q3 2020 | Aug 17, 2020 | — | $-0.02 | — | — |
Q1 2020 | Feb 29, 2020 | — | $-0.02 | — | — |
Q4 2019 | Nov 30, 2019 | — | $-0.04 | — | — |
Q3 2019 | Aug 31, 2019 | — | $-0.02 | — | — |
Q2 2018 | Jun 30, 2018 | — | $0.26 | — | — |
Q1 2018 | Mar 31, 2018 | — | $0.52 | — | — |
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