Yahoo Finance Pegasystems (PEGA) To Report Earnings Tomorrow: Here Is What To Expect
Enterprise workflow software provider Pegasystems (NASDAQ:PEGA) will be reporting results tomorrow after market hours. Here's what to expect.
Pegasystems missed analysts' revenue expectations by 2.1% last quarter, reporting revenues of $330.1 million, up 1.4% year on year. It was a weak quarter for the company, with a miss of analysts' billings estimates.
Is Pegasystems a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Pegasystems's revenue to grow 8.9% year on year to $324.7 million, in line with the 8.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pegasystems has missed Wall Street's revenue estimates five times over the last two years.
With Pegasystems being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for productivity software stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.5% on average over the last month. Pegasystems is up 1.2% during the same time and is heading into earnings with an average analyst price target of $72 (compared to the current share price of $59.9).
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