PAR Technology Corp reports results for the quarter ended June 30 - Earnings Summary

• PAR Technology Corp PAR.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of eight analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -8 cents to 5 cents per share.

• Revenue rose 43.8% to $112.40 million from a year ago; analysts expected $111.31 million.

• PAR Technology Corp's reported EPS for the quarter was a loss of 52 cents​.

• The company reported a quarterly loss of $21.04 million.

• PAR Technology Corp shares had fallen by 16.3% this quarter and lost 20.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 88.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the office equipment peer group is also "buy"

• Wall Street's median 12-month price target for PAR Technology Corp is $90.00, about 35.5% above its last closing price of $58.03

This summary was machine generated from LSEG data August 8 at 02:35 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)