PAR Technology Corp reports results for the quarter ended September 30 - Earnings Summary

PAR Technology

08/11/2024 21:00

* PAR Technology Corp  PAR.N  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -21 cents.  The mean expectation of ten analysts
for the quarter was for a loss of 10 cents per share. Wall
Street expected results to range from -17 cents to 1 cents per
share.
    * Revenue fell 9.7% to $96.75 million from a year ago;
analysts
expected $91.04 million. 
    * PAR Technology Corp's reported EPS for the quarter was a
loss
of 58 cents​.
    * The company reported a quarterly loss of $19.83 million.
    * PAR Technology Corp shares had risen by 27.7% this
quarter and
gained 52.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 $67.50 
This summary was machine generated from LSEG data November 8 at
08:59 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
 Sep. 30 2024      -0.10          -0.09          Beat
 Jun. 30 2024      -0.18          -0.23          Missed
 Mar. 31 2024      -0.29          -0.36          Missed
 Dec. 31 2023      -0.26          -0.33          Missed