- Pegasystems reported an adjusted EPS (Earnings Per Share) of 39 cents for the third quarter of 2024.
- This EPS figure was above the analyst estimate of 35 cents but lower than the previous year’s figure of 44 cents.
- The company’s revenue for the quarter was $325.1 million, a decrease of 2.9% compared to the same period last year.
- Revenue came slightly below the estimate of $325.6 million.
- Analysts have rated Pegasystems with 9 buys, 3 holds, and 0 sells.
Pegasystems Inc on Smartkarma
Analyst coverage of Pegasystems Inc on Smartkarma reveals insights from Baptista Research, with a bullish sentiment. In their report titled “Pegasystems Inc.: Cloud migration and Continuous Improvement in Pega Cloud & Major Drivers,” Baptista Research highlights the company’s robust positioning in the first quarter of 2024. Pegasystems leveraged advanced Gen AI technologies and cloud-based solutions to enhance client engagement and optimize business outcomes. CEO Alan Trefler’s optimism about the long-term potential of Gen AI technology is notable. The report also mentions the strengthening of Pega Cloud, which reached approximately $600 million in Annual Contract Value (ACV).
A look at Pegasystems Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Pegasystems Inc, the company is positioned for long-term growth and resilience in the market. With a high score in Growth and Momentum, Pegasystems Inc is expected to continue expanding and maintaining positive market momentum. This indicates that the company has strong potential for future development and market performance.
Additionally, Pegasystems Inc scores moderately in Value and Dividend, suggesting stability in its financials. Coupled with a high score in Resilience, the company demonstrates an ability to withstand market fluctuations and economic challenges. Overall, Pegasystems Inc‘s outlook appears positive, especially in terms of growth and market momentum.
### Pegasystems Inc. develops customer relationship management software. The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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