We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Pegasystems (PEGA) Q3 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Pegasystems (PEGA - Free Report) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 50%. Revenues are expected to be $429.69 million, up 12.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Pegasystems metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Subscription services' of $307.88 million. The estimate suggests a change of +16.5% year over year.
Based on the collective assessment of analysts, 'Revenue- Subscription license' should arrive at $63.86 million. The estimate indicates a change of +5.4% from the prior-year quarter.
Analysts predict that the 'Revenue- Consulting' will reach $53.66 million. The estimate suggests a change of -4.9% year over year.
The consensus estimate for 'Revenue- Pega Cloud' stands at $233.45 million. The estimate suggests a change of +26.5% year over year.
It is projected by analysts that the 'Revenue- Maintenance' will reach $74.44 million. The estimate indicates a change of -6.6% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Subscription' reaching $371.74 million. The estimate suggests a change of +14.5% year over year.
Over the past month, Pegasystems shares have recorded returns of -8.2% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), PEGA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Stay Ahead of the Game With Pegasystems (PEGA) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Pegasystems (PEGA - Free Report) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 50%. Revenues are expected to be $429.69 million, up 12.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Pegasystems metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Subscription services' of $307.88 million. The estimate suggests a change of +16.5% year over year.
Based on the collective assessment of analysts, 'Revenue- Subscription license' should arrive at $63.86 million. The estimate indicates a change of +5.4% from the prior-year quarter.
Analysts predict that the 'Revenue- Consulting' will reach $53.66 million. The estimate suggests a change of -4.9% year over year.
The consensus estimate for 'Revenue- Pega Cloud' stands at $233.45 million. The estimate suggests a change of +26.5% year over year.
It is projected by analysts that the 'Revenue- Maintenance' will reach $74.44 million. The estimate indicates a change of -6.6% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Subscription' reaching $371.74 million. The estimate suggests a change of +14.5% year over year.
View all Key Company Metrics for Pegasystems here>>>Over the past month, Pegasystems shares have recorded returns of -8.2% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), PEGA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .