Pegasystems Inc reports results for the quarter ended in September 30 - Earnings Summary

Pegasystems

24/10/2024 04:09

* Pegasystems Inc  PEGA.OQ  reported quarterly adjusted
earnings
of 39 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 44 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 18 cents to 50 cents per share.
    * Revenue fell 2.9% to $325.05 million from a year ago;
analysts
expected $325.07 million. 
    * Pegasystems Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $14.39 million.
    * Pegasystems Inc shares had fallen by 3.5% this quarter and
gained 44.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 9 "strong buy" or "buy," 2
"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 87.50 
This summary was machine generated from LSEG data October 24 at
03:08 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
 Sep. 30 2024      0.36           0.39           Beat
 Jun. 30 2024      0.25           0.52           Beat
 Mar. 31 2024      0.43           0.48           Beat
 Dec. 31 2023      1.00           1.77           Beat