Pegasystems (PEGA) To Report Earnings Tomorrow: Here Is What To Expect
Low-code automation software company Pegasystems (NASDAQ:PEGA) will be announcing earnings results this Tuesday after market hours. Here’s what to look for.
Pegasystems missed analysts’ revenue expectations last quarter, reporting revenues of $420.7 million, up 9.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ billings estimates.
Is Pegasystems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Pegasystems’s revenue to grow 10.5% year on year, slowing from the 17.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Pegasystems has missed Wall Street’s revenue estimates multiple times over the last two years.
With Pegasystems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for productivity software stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Pegasystems is down 1.8% during the same time .
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