Restaurant technology provider PAR Technology (NYSE: PAR) will be reporting results tomorrow before market open. Here’s what you need to know.
PAR Technology beat analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $105 million, up 50.2% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ ARR estimates and an impressive beat of analysts’ EPS estimates.
Is PAR Technology a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting PAR Technology’s revenue to grow 50.4% year on year to $105.4 million, improving from the 2.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PAR Technology has missed Wall Street’s revenue estimates six times over the last two years.
Looking at PAR Technology’s peers in the specialized technology segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Napco’s revenues decreased 10.8% year on year, beating analysts’ expectations by 1.9%, and Mirion reported revenues up 4.9%, topping estimates by 0.6%. Napco traded up 4% following the results while Mirion was also up 1.3%.
Read our full analysis of Napco’s results here and Mirion’s results here.
There has been positive sentiment among investors in the specialized technology segment, with share prices up 5.9% on average over the last month. PAR Technology is up 8.5% during the same time and is heading into earnings with an average analyst price target of $87 (compared to the current share price of $62.62).
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