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-0.00064350064350063 -0.00128700128700126 -0.00193050193050189 -0.00225225225225226 0.0527670527670527 0.0546975546975547 0.0546975546975547 0.0546975546975547
Stock impact report

Why PAR Technology (PAR) Shares Are Trading Lower Today [Yahoo! Finance]

PAR Technology Corporation (PAR) 
Last par technology corporation earnings: 3/12 04:05 pm Check Earnings Report
US:NYSE Investor Relations: partech.com/about-us/investors
Company Research Source: Yahoo! Finance
fourth-quarter financial results, which showed a mix of positive and negative signals, prompted a series of sharp price target cuts from Wall Street analysts. While PAR Technology reported revenue and adjusted earnings per share that beat analyst expectations, its adjusted EBITDA, a measure of profitability, missed estimates. The company's sales grew 14.4% from the previous year to $120.1 million. However, the miss on profitability appeared to concern investors more. Following the release, multiple analysts lowered their price targets for the stock. For instance, Jefferies adjusted its target from $90 to $34, and Needham cut its target from $55 to $30. Similarly, Craig-Hallum reduced its price target to $45 from $70, with one of its analysts noting that serving quick-service restaurants had been challenging for several quarters. This wave of downward revisions from analysts fueled the significant drop in the company's stock price. The stock market overreacts to news, and big price Show less Read more
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