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What To Expect From Pegasystems’s (PEGA) Q2 Earnings

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Low-code automation software company Pegasystems (NASDAQ: PEGA) will be reporting earnings this Tuesday after market hours. Here’s what to expect.

Pegasystems missed analysts’ revenue expectations last quarter, reporting revenues of $430 million, down 9.6% year on year. It was a softer quarter for the company, with billings in line with analysts’ estimates.

Is Pegasystems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Pegasystems’s revenue to grow 11.1% year on year, improving from the 9.5% increase it recorded in the same quarter last year.

Pegasystems Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Pegasystems has missed Wall Street’s revenue estimates multiple times over the last two years.

With Pegasystems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for productivity software stocks. However, there has been positive investor sentiment in the segment, with share prices up 17.5% on average over the last month. Pegasystems is up 9.7% during the same time .

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