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

Pegasystems

26/04/2023 22:02

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended in March. The mean
expectation of fourteen analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue fell 13.5% to $325.47 million from a year ago;
analysts
expected $350.25 million. 
    * Pegasystems Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Pegasystems Inc shares had fallen by 10.1% this
quarter and
gained 27.3% so far this year.
    * The company reported a quarterly loss of $20.77 million.
    * Wall Street's median 12-month price target for Pegasystems
Inc
is $50.00 
    * 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
April 26 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.08           -0.38          Missed