Pegasystems (NAS: PEGA) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Pegasystems missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins contracted, and net margins dropped.
Pegasystems reported revenue of $105.1 million. The six analysts polled by S&P Capital IQ expected revenue of $113.8 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $103.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.09. The six earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS were -$0.06 for Q2 compared to $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 61.9%, 90 basis points better than the prior-year quarter. Operating margin was -2.6%, 590 basis points worse than the prior-year quarter. Net margin was -2.2%, 440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $113.6 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $468.8 million. The average EPS estimate is $0.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 163 members out of 183 rating the stock outperform, and 20 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Pegasystems a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pegasystems is outperform, with an average price target of $40.00.
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The article Pegasystems Goes Negative originally appeared on Fool.com.
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