We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Pegasystems (PEGA) Q3 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended September 2023, Pegasystems (PEGA - Free Report) reported revenue of $334.64 million, up 23.6% over the same period last year. EPS came in at $0.44, compared to -$0.34 in the year-ago quarter.
The reported revenue represents a surprise of +12.82% over the Zacks Consensus Estimate of $296.61 million. With the consensus EPS estimate being $0.01, the EPS surprise was +4300.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Pegasystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Subscription: $275.92 million versus the four-analyst average estimate of $236.20 million.
Revenue- Consulting: $55.98 million versus $58.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.
Revenue- Perpetual license: $2.75 million versus the four-analyst average estimate of $2.11 million. The reported number represents a year-over-year change of -70.2%.
Revenue- Subscription license: $74.34 million versus $35.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +139% change.
Revenue- Subscription services: $201.58 million compared to the $197.98 million average estimate based on three analysts. The reported number represents a change of +15.3% year over year.
Revenue- Pega Cloud: $118.04 million compared to the $121.66 million average estimate based on three analysts. The reported number represents a change of +21.2% year over year.
Revenue- Maintenance: $83.54 million compared to the $78.53 million average estimate based on two analysts.
Gross Profit- Subscription Services: $165.67 million versus the two-analyst average estimate of $160.06 million.
Shares of Pegasystems have returned -6.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Pegasystems (PEGA) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Pegasystems (PEGA - Free Report) reported revenue of $334.64 million, up 23.6% over the same period last year. EPS came in at $0.44, compared to -$0.34 in the year-ago quarter.
The reported revenue represents a surprise of +12.82% over the Zacks Consensus Estimate of $296.61 million. With the consensus EPS estimate being $0.01, the EPS surprise was +4300.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Pegasystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Subscription: $275.92 million versus the four-analyst average estimate of $236.20 million.
- Revenue- Consulting: $55.98 million versus $58.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.
- Revenue- Perpetual license: $2.75 million versus the four-analyst average estimate of $2.11 million. The reported number represents a year-over-year change of -70.2%.
- Revenue- Subscription license: $74.34 million versus $35.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +139% change.
- Revenue- Subscription services: $201.58 million compared to the $197.98 million average estimate based on three analysts. The reported number represents a change of +15.3% year over year.
- Revenue- Pega Cloud: $118.04 million compared to the $121.66 million average estimate based on three analysts. The reported number represents a change of +21.2% year over year.
- Revenue- Maintenance: $83.54 million compared to the $78.53 million average estimate based on two analysts.
- Gross Profit- Subscription Services: $165.67 million versus the two-analyst average estimate of $160.06 million.
View all Key Company Metrics for Pegasystems here>>>Shares of Pegasystems have returned -6.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.