Pegasystems (PEGA) Q2 Earnings and Revenues Top Estimates

分组1 - Pegasystems reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing a significant increase from $0.01 per share a year ago, resulting in an earnings surprise of 126.09% [1] - The company achieved revenues of $351.15 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 9.34%, and up from $298.27 million in the same quarter last year [2] - Pegasystems has outperformed the S&P 500, with shares increasing approximately 28.6% since the beginning of the year compared to the S&P 500's gain of 16.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $351.74 million, and for the current fiscal year, it is $2.79 on revenues of $1.5 billion [5] - The estimate revisions trend for Pegasystems is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [9] - The Computer - Software industry, to which Pegasystems belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stock performance [10]