We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Pegasystems (PEGA) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Pegasystems (PEGA - Free Report) closed at $75.01, marking a -0.53% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Prior to today's trading, shares of the business software company had gained 13.04% over the past month. This has outpaced the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Wall Street will be looking for positivity from PEGA as it approaches its next earnings report date. This is expected to be May 7, 2019. On that day, PEGA is projected to report earnings of $0.11 per share, which would represent a year-over-year decline of 54.17%. Meanwhile, our latest consensus estimate is calling for revenue of $236.35 million, up 0.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $966.29 million. These totals would mark changes of -26.56% and +8.38%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PEGA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PEGA is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, PEGA is currently trading at a Forward P/E ratio of 159.32. For comparison, its industry has an average Forward P/E of 30.85, which means PEGA is trading at a premium to the group.
We can also see that PEGA currently has a PEG ratio of 19.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.29 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pegasystems (PEGA) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Pegasystems (PEGA - Free Report) closed at $75.01, marking a -0.53% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Prior to today's trading, shares of the business software company had gained 13.04% over the past month. This has outpaced the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Wall Street will be looking for positivity from PEGA as it approaches its next earnings report date. This is expected to be May 7, 2019. On that day, PEGA is projected to report earnings of $0.11 per share, which would represent a year-over-year decline of 54.17%. Meanwhile, our latest consensus estimate is calling for revenue of $236.35 million, up 0.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $966.29 million. These totals would mark changes of -26.56% and +8.38%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PEGA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PEGA is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, PEGA is currently trading at a Forward P/E ratio of 159.32. For comparison, its industry has an average Forward P/E of 30.85, which means PEGA is trading at a premium to the group.
We can also see that PEGA currently has a PEG ratio of 19.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.29 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.