Stock Analysis
Pegasystems (NASDAQ:PEGA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$351.2m (up 18% from 2Q 2023).
- Net income: US$6.61m (up from US$46.8m loss in 2Q 2023).
- Profit margin: 1.9% (up from net loss in 2Q 2023).
- EPS: US$0.078 (up from US$0.56 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pegasystems Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 16% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Pegasystems, and understanding them should be part of your investment process.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:PEGA
Pegasystems
Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.
Excellent balance sheet and fair value.
