Group 1: Earnings Performance - PAR Technology reported a quarterly loss of $0.23 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.15, representing an earnings surprise of -53.33% [1] - The company posted revenues of $78.15 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 33.01%, compared to year-ago revenues of $100.54 million [2] - Over the last four quarters, PAR Technology has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - PAR Technology shares have increased by about 2.7% since the beginning of the year, while the S&P 500 has gained 9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is -$0.08 on revenues of $120.67 million, and -$0.62 on revenues of $467.47 million for the current fiscal year [7] Group 3: Industry Context - The Computer - Integrated Systems industry, to which PAR Technology belongs, is currently in the bottom 25% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The estimate revisions trend for PAR Technology is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6]
PAR Technology (PAR) Reports Q2 Loss, Misses Revenue Estimates