Pegasystems Inc reports results for the quarter ended March 31 - Earnings Summary

• Pegasystems Inc PEGA.OQ reported quarterly adjusted earnings of $1.53​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of twelve analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 42 cents to 58 cents per share.

• Revenue rose 44.1% to $475.63 million from a year ago; analysts expected $356.61 million.

• Pegasystems Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $85.42 million.

• Pegasystems Inc shares had fallen by 4.5% this quarter and lost 28.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Pegasystems Inc is $94.50

This summary was machine generated from LSEG data April 22 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)