Pegasystems Q2 Adj EPS $0.01 Misses $0.05 Estimate, Sales $298.27M Miss $309.61M Estimate
Portfolio Pulse from bharat@benzinga.com
Pegasystems reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.05 by 80%. The company also reported quarterly sales of $298.27 million, missing the analyst consensus estimate of $309.61 million by 3.66%. However, this represents an increase over the same period last year in both earnings and sales.
July 26, 2023 | 8:30 pm
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NEGATIVE IMPACT
Pegasystems' Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth might mitigate some of the negative impact.
Pegasystems' Q2 earnings and sales fell short of analyst estimates, which could lead to a negative sentiment among investors and a potential drop in the stock price. However, the YoY growth in both earnings and sales might be seen as a positive sign, potentially mitigating some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100