PAR Technology: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
PAR Technology (NYSE:PAR) reported Q3 earnings, beating estimated earnings by 40.0% with an EPS of $-0.21 versus an estimate of $-0.35. Revenue was up $14.37 million from the same period last year. Last quarter, the company missed on EPS by $0.18, which was followed by a 6.64% drop in the share price the next day.
November 09, 2023 | 9:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PAR Technology reported better than expected Q3 earnings, which could positively impact the stock price. However, investors may remain cautious due to the previous quarter's missed EPS and subsequent share price drop.
Positive earnings surprises often lead to a short-term increase in stock price as they indicate better-than-expected company performance. However, the previous quarter's missed EPS and subsequent share price drop may make investors cautious, potentially limiting the positive impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100