Pegasystems Q2 2024 Adj EPS $0.52 Beats $0.25 Estimate, Sales $351.15M Beat $321.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pegasystems (NASDAQ:PEGA) reported Q2 2024 adjusted EPS of $0.52, significantly beating the $0.25 estimate. Sales were $351.15M, surpassing the $321.94M estimate and showing a 17.73% increase from the same period last year.
July 24, 2024 | 8:11 pm
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Pegasystems reported strong Q2 2024 earnings with an adjusted EPS of $0.52, beating estimates by 108%. Sales also exceeded expectations, reaching $351.15M, a 17.73% increase YoY.
The significant beat on both EPS and sales estimates, along with a strong year-over-year sales growth, is likely to positively impact PEGA's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100