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

Pegasystems

26/07/2023 22:50

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 8.7% to $298.27 million from a year ago;
analysts
expected $312.33 million. 
    * Pegasystems Inc's reported EPS for the quarter was a loss
of 56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 44.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Pegasystems Inc shares had risen by 10.7% this quarter and
gained 59.3% so far this year.
    * The company reported a quarterly loss of $46.8 million.
    * Wall Street's median 12-month price target for Pegasystems
Inc
is $51.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.01           Missed
 Mar. 31 2023      0.37           0.23           Missed
 Dec. 31 2022      0.11           0.82           Beat
 Sep. 30 2022      -0.29          -0.34          Missed