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

Pegasystems

24/04/2024 22:37

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of 48 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 24 cents to 59 cents per share.
    * Revenue rose 1.4% to $330.15 million from a year ago;
analysts
expected $336.61 million. 
    * Pegasystems Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $12.12 million.
    * Pegasystems Inc shares had fallen by 8.3% this quarter and
gained 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $70.00 
This summary was machine generated from LSEG data April 24 at
09:37 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
 Mar. 31 2024      0.43           0.48           Beat
 Dec. 31 2023      1.00           1.77           Beat
 Sep. 30 2023      0.01           0.44           Beat
 Jun. 30 2023      0.03           0.01           Missed