Pegasystems (PEGA) Updates FY13 Earnings Guidance
Pegasystems (PEGA) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91. The company issued revenue guidance of $510 million, compared to the consensus revenue estimate of $482.19 million.
Several analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Pegasystems from $20.00 to $23.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. On a related note, analysts at Zacks upgraded shares of Pegasystems from an underperform rating to a neutral rating in a research note to investors on Thursday, January 31st. They now have a $24.10 price target on the stock. Finally, analysts at Zacks downgraded shares of Pegasystems from a neutral rating to an underperform rating in a research note to investors on Wednesday, January 2nd. They now have a $21.50 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and two have given a hold rating to the stock. The company presently has a consensus rating of overweight and a consensus price target of $27.00.
Shares of Pegasystems (PEGA) traded up 6.29% during mid-day trading on Wednesday, hitting $25.33. Pegasystems (PEGA) has a 52 week low of $19.00 and a 52 week high of $39.97. The stock’s 50-day moving average is currently $23.75. The company’s market cap is $959.7 million.
Pegasystems last released its earnings data on Wednesday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.32. The company had revenue of $143.80 million for the quarter, compared to the consensus estimate of $122.58 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Pegasystems has set its FY13 guidance at $1.20 EPS. Analysts expect that Pegasystems (PEGA) will post $0.78 EPS for the current fiscal year.
Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes. The Company’s software enables organizations to build, deploy, and change enterprise applications by directly capturing business objectives, automating programming, and automating work.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.