PAR Technology (PAR) Q3 earnings: what to expect

What happened

PAR Technology, a restaurant technology provider, is scheduled to report its third-quarter earnings Thursday after the market closes. Analysts expect revenue to grow 8.9% year over year, slower than the 23.2% growth in the same quarter last year; estimates were generally unchanged over the past 30 days.

Confirmed

Global impact / market context

The earnings report will show whether PAR’s sales growth is slowing as expected and whether its earlier revenue momentum can continue. Revenue performance can shape expectations for future sales and the resources PAR can devote to its restaurant technology business, influencing investor assessments of its prospects.

Analyst inference

Last quarter, PAR reported revenue of $133.4 million, up 18.7% year over year, and beat analysts’ revenue and earnings-per-share estimates; earnings per share is profit allocated to each share. Peer results were mixed, so they offer only limited guidance for PAR.

Confirmed

What to watch

1. Check reported third-quarter revenue against the 8.9% year-over-year growth analysts expect; a faster or slower result would change the picture of PAR’s sales momentum. Analyst inference
2. Compare management’s outlook with the prior quarter’s revenue guidance, which exceeded analyst expectations; updated guidance would indicate how PAR sees near-term sales developing. Analyst inference
3. Look for reported earnings per share and revenue versus analyst estimates, since PAR beat both last quarter and results can alter investor expectations for its performance. Analyst inference

Evidence

• stockstory.org