Analysts Update Forecasts Ahead of PAR Technology Earnings

Insights on Upcoming Earnings for PAR Technology

PAR Technology Corporation (NYSE: PAR) is set to unveil its financial results for the fourth quarter soon. Market anticipation is building as analysts revise their forecasts ahead of the earnings call.

Predictions for Earnings Report

Analysts are forecasting that PAR Technology will report a quarterly loss of 8 cents per share. This is a notable improvement from the previous year, where the company reported a loss of 33 cents per share. The projected revenue stands at approximately $99.1 million, showing a decrease from $107.71 million reported during the same quarter last year.

New Financial Strategies

Recently, on January 22, PAR Technology announced the pricing of a private offering. The offering totals $100 million in aggregate principal amount of 1.00% convertible senior notes that are set to mature in 2030. This strategic move is indicative of the company’s efforts to strengthen its financial position.

Stock Performance and Market Reactions

As the earnings call approaches, PAR Technology’s stock experienced a slight decline, closing at $60.71, which represented a decrease of 2.3% from the previous trading day. Market fluctuations are commonplace as investors weigh the implications of the upcoming earnings report.

Assessing Analyst Ratings

With the earnings report around the corner, it's valuable to look at how analysts have been rating PAR Technology recently. The insights from these ratings can provide a clear picture of investor sentiment:

Needham's Positioning

Analyst Mayank Tandon from Needham has retained a Buy rating on PAR Technology's stock with a price target set at $90. This rating was updated on January 3, 2025, and Tandon boasts an accuracy rate of 71%, indicating confidence in the stock's potential development.

Stephens & Co. Analysis

Charles Nabhan, an analyst at Stephens & Co., has also kept an Overweight stance on the company. He recently raised the price target from $83 to $90 as of November 26, 2024. Nabhan reports an accuracy rate of 61%, reflecting his analytical approach to evaluating PAR's growth.

Benchmark's Insight

Benchmark analyst Mark Palmer reiterated a Buy rating while bumping the price target from $69 to $92 on November 12, 2024. Palmer's accuracy rate of 80% adds a strong endorsement for investors considering PAR Technology.

Craig-Hallum's Recommendation

Lastly, analyst George Sutton from Craig-Hallum has also maintained a Buy rating and increased the price target from $65 to $85 as of November 11, 2024. Sutton has an accuracy rate of 70%, which underscores the enthusiasm surrounding the company's future prospects.

Final Thoughts

For those contemplating an investment in PAR Technology, insights from these analysts can serve as a guide. The upcoming earnings report will likely provide crucial context for understanding the company’s financial health and market position.

Frequently Asked Questions

What is PAR Technology Corporation?

PAR Technology Corporation is a company specializing in providing technology solutions for the restaurant and retail industries.

When is the earnings call for PAR Technology?

The earnings call is expected soon, and analysts anticipate it will take place before market opening on a designated day.

Who are the notable analysts covering PAR Technology?

Analysts from Needham, Stephens & Co., Benchmark, and Craig-Hallum are among those providing insights into PAR Technology.

What financial performance is expected from PAR Technology?

Analysts are forecasting a loss of 8 cents per share with a revenue projection of $99.1 million for the upcoming quarter.

How has PAR Technology's stock performed recently?

The stock recently closed at $60.71, showing a slight decline of 2.3% as market reactions sharpen ahead of the earnings report.

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