PAR Technology Q3 revenue beats estimates, lifts outlook
Overview
US restaurant and retail software firm's Q3 revenue rose 15%, beating analyst expectations
Company raised full-year 2026 revenue and adjusted EBITDA outlook
Outlook
PAR Technology raises 2026 revenue outlook to $532.5 mln-$536.5 mln, up from $516 mln-$523 mln
Company now sees 2026 adjusted EBITDA at $57.9 mln-$59.4 mln, up from $50 mln-$53 mln
PAR Technology expects Q4 revenue of $138 mln-$142 mln and adjusted EBITDA of $17.5 mln-$19 mln
Result Drivers
ENTERPRISE DEPLOYMENTS - Co said Q3 momentum was supported by enterprise deployments and growing multi-product adoption
SUBSCRIPTION GROWTH - Annual recurring revenue rose 18.1% year-over-year to $354.5 mln, reflecting increased subscription service adoption
OPERATIONAL DISCIPLINE - Co said improved profitability was due in part to operational discipline while continuing to invest in long-term growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $137.10 mln | $129.54 mln (8 Analysts) |
Q3 Loss Per Share | $0.22 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the office equipment peer group is "buy"
Wall Street's median 12-month price target for PAR Technology Corporation is $28.00, about 47.4% above its November 4 closing price of $19.00
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)