Pegasystems Inc. reports results for the quarter ended September 30 - Earnings Summary

• Pegasystems Inc. reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of twelve analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 37 cents to 61 cents per share.

• Revenue rose 3.1% to $393.36 million from a year ago; analysts expected $422.04 million.

• Pegasystems Inc.'s reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $14.09 million.

• Pegasystems Inc. shares had risen by 5.3% this quarter and lost 41.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "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 $43.00, about 18.5% above its last closing price of $35.04

This summary was machine generated from LSEG data October 20 at 09:01 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)