Financial News

PAR Technology (PAR) Q3 earnings: what to expect

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

PAR Cover Image

Restaurant technology provider PAR Technology (NYSE: PAR) will be reporting earnings this Thursday after market close. Here’s what investors should know.

PAR Technology beat analysts’ revenue expectations last quarter, reporting revenues of $133.4 million, up 18.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and revenue guidance for next quarter beating analysts’ expectations.

Is PAR Technology 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 PAR Technology’s revenue to grow 8.9% year on year, slowing from the 23.2% increase it recorded in the same quarter last year.

PAR Technology 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. PAR Technology rarely misses Wall Street’s revenue estimates.

Looking at PAR Technology’s peers in the specialized technology segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Zebra delivered year-on-year revenue growth of 22.3%, beating analysts’ expectations by 2.8%, and OSI Systems reported revenues up 4.9%, topping estimates by 2.6%. OSI Systems traded down 4.2% following the results.

Read our full analysis of Zebra’s results here and OSI Systems’s results here.

Investors in the specialized technology segment have had steady hands going into earnings, with share prices flat over the last month. PAR Technology is up 21.2% during the same time and is heading into earnings with an average analyst price target of $24.94 (compared to the current share price of $17.73).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  266.03
+15.34 (6.12%)
AAPL  349.51
+17.61 (5.31%)
AMD  488.78
+4.88 (1.01%)
BAC  51.63
+1.97 (3.97%)
GOOG  287.30
+9.03 (3.25%)
META  630.00
+8.97 (1.44%)
MSFT  555.80
+34.81 (6.68%)
NVDA  200.13
-6.56 (-3.17%)
ORCL  123.73
-2.46 (-1.95%)
TSLA  385.19
-13.31 (-3.34%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback