Pegasystems Inc reports results for the quarter ended in December - Earnings Summary

Pegasystems

15/02/2024 02:25

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of $1.77​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 82 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.00 per share. Wall Street
expected results to range from 70 cents to $1.30 per share.
    * Revenue rose 19.6% to $474.23 million from a year ago;
analysts
expected $413.60 million. 
    * Pegasystems Inc's reported EPS for the quarter was $1.61​.
    * The company reported quarterly net income of $142.67
million.
    * Pegasystems Inc shares had fallen by 1.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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 5 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Pegasystems Inc
is $51.00 
This summary was machine generated from LSEG data February 15 at
02:25 a.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
 Dec. 31 2023      1.00           1.77           Beat
 Sep. 30 2023      0.01           0.44           Beat
 Jun. 30 2023      0.03           0.01           Missed
 Mar. 31 2023      0.37           0.23           Missed