PAR Technology Corp reports results for the quarter ended in June - Earnings Summary

PAR Technology

08/08/2024 14:33

* PAR Technology Corp  PAR.N  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -52 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -27 cents to -2 cents per share.
    * Revenue fell 22.3% to $78.15 million from a year ago;
analysts
expected $115.11 million. 
    * PAR Technology Corp's reported EPS for the quarter was
$1.06​.
    * The company reported quarterly net income of $54.11
million.
    * PAR Technology Corp shares had fallen by 5.0% this
quarter and
gained 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the office
equipment
peer group is also "buy"

Wall Street's median 12-month price target for PAR Technology
Corp is $58.50 
This summary was machine generated from LSEG data August 8 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.18          -0.23          Missed
 Mar. 31 2024      -0.29          -0.36          Missed
 Dec. 31 2023      -0.26          -0.33          Missed
 Sep. 30 2023      -0.35          -0.21          Beat