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

Pegasystems

24/07/2024 22:44

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 12 cents to 49 cents per share.
    * Revenue rose 17.7% to $351.15 million from a year ago;
analysts
expected $321.94 million. 
    * Pegasystems Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $6.61
million.
    * Pegasystems Inc shares had risen by 3.8% this quarter and
gained 28.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Pegasystems Inc
is $72.50 
This summary was machine generated from LSEG data July 24 at
09:44 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      0.25           0.52           Beat
 Mar. 31 2024      0.43           0.48           Beat
 Dec. 31 2023      1.00           1.77           Beat
 Sep. 30 2023      0.01           0.44           Beat