Preview: Pegasystems's Earnings
Portfolio Pulse from Benzinga Insights
Pegasystems (NASDAQ:PEGA) is scheduled to release its quarterly earnings report on February 14, 2024, with an expected EPS of $1.00. Historically, the company has shown a mixed performance in beating EPS estimates, leading to varying stock price reactions. Last quarter, Pegasystems exceeded the EPS estimate by $0.43, resulting in a 7.16% stock price increase the following day. Over the last year, PEGA shares have risen by 13.19%, indicating a generally positive outlook from long-term shareholders.
February 13, 2024 | 3:01 pm
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POSITIVE IMPACT
Pegasystems is expected to report an EPS of $1.00 for the upcoming quarter. Historical data shows its performance can significantly impact its stock price, with a notable increase following last quarter's earnings beat.
Given Pegasystems's history of stock price movements post-earnings announcements, especially after last quarter's 7.16% increase following an earnings beat, there's a strong indication that a positive report could lead to a similar short-term stock price increase. The anticipation of positive guidance could further bolster investor confidence.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100