Pegasystems Inc. (NASDAQ:PEGA) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.07 per share.
For the full year, analysts predict revenues of $ 1065.60 million, while looking forward to income of $ 0.09 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,100.00 million ~ $ 1,100.00 million, where as bottomline are predicted in a range of $ 0.20 ~ $ 0.20 per share
Click Here For More Historical Outlooks Of Pegasystems Inc.
Previous Quarter Performance
Pegasystems Inc. unfold loss for the second quarter of $ 0.28 per share, from the revenue of $ 227.38 million. The quarterly revenues boosted 11.93 percent compared with the same quarter last year. Wall street analysts are predicting, PEGA to report 2Q20 loss of $ 0.23 per share from revenue of $ 225.71 million. The bottom line results missed street analysts by $ 0.05 or 21.74 percent, at the same time, top line results outshined analysts by $ 1.67 million or 0.74 percent.
Stock Performance
Shares of Pegasystems Inc. traded low $ -5.47 or -4.23 percent on Tuesday, reaching $ 123.91 with volume of 389.60 thousand shares. Pegasystems Inc. has traded high as $ 131.06 and has cracked $ 123.73 on the downward trend
According to the previous trading day, closing price of $ 123.91, representing a 240.38 % increase from the 52 week low of $ 38.01 and a 4.42 % decrease over the 52 week high of $ 135.36.
The company has a market capital of $ 9.96 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Equal-Weight rating, with $ 130.00 target price.
Conference Call
Pegasystems Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pega.com
Pegasystems Inc. develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
