Pegasystems Inc PEGA.OQ reported quarterly adjusted earnings of 28 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of eleven analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 10 cents to 33 cents per share.
Revenue rose 9.5% to $384.51 million from a year ago; analysts expected $362.52 million.
Pegasystems Inc's reported EPS for the quarter was 17 cents.
The company reported quarterly net income of $30.08 million.
Pegasystems Inc shares had fallen by 5.2% this quarter and gained 10.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 7.2% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $56.00, about 8.3% above its last closing price of $51.34
This summary was machine generated from LSEG data July 22 at 09:00 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)