PAR Technology (PAR) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - PAR Technology reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of$ 0.16, and improved from a loss of $0.21 per share a year ago, representing an earnings surprise of 43.75% [1] - The company posted revenues of$ 96.75 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 10.54%, but down from $107.13 million in the same quarter last year [2] - PAR Technology shares have increased approximately 52.8% year-to-date, outperforming the S&P 500's gain of 25.2% [3] Group 2 - The earnings outlook for PAR Technology is mixed, with the current consensus EPS estimate for the upcoming quarter at -$ 0.08 on revenues of $96.35 million, and -$ 0.83 on revenues of $349.8 million for the current fiscal year [7] - The Zacks Industry Rank indicates that the Computer - Integrated Systems sector is in the top 33% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]