PAR Technology (PAR) To Report Earnings Tomorrow: Here Is What To Expect

Restaurant technology provider PAR Technology (NYSE:PAR) will be reporting earnings this Thursday after market hours. Here’s what to expect.

PAR Technology beat analysts’ revenue expectations last quarter, reporting revenues of $124 million, up 19.4% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ ARR estimates and a beat of analysts’ EPS estimates.

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 11.4% year on year, slowing from the 43.8% increase it recorded in the same quarter last year.

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 has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at PAR Technology’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Zebra delivered year-on-year revenue growth of 20.4%, beating analysts’ expectations by 3.9%, and Mirion reported revenues up 19.7%, falling short of estimates by 1%. Mirion traded down 13.2% following the results.

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

There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 7.8% on average over the last month. PAR Technology is down 5.9% during the same time and is heading into earnings with an average analyst price target of $26.81 (compared to the current share price of $17.46).

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