Home Reviews Specialized Technology Stocks Q4 Earnings Review: PAR Technology (NYSE:PAR) Shines

Specialized Technology Stocks Q4 Earnings Review: PAR Technology (NYSE:PAR) Shines


PAR Cover Image
Specialized Technology Stocks Q4 Earnings Review: PAR Technology (NYSE:PAR) Shines

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how PAR Technology (NYSE:PAR) and the rest of the specialized technology stocks fared in Q4.

Companies in this sector, especially if they invest wisely, could see demand tailwinds as the world moves towards more IoT (Internet of Things), automation, and analytics. Enterprises across most industries will balk at taking these journeys solo and will enlist companies with expertise and scale in these areas. However, headwinds could include rising competition from larger technology firms, as digitization lowers barriers to entry in the space. Additionally, companies in the space will likely face evolving regulatory scrutiny over data privacy, particularly for surveillance and security technologies. This could make companies have to continually pivot and invest.

The 8 specialized technology stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 0.7% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.2% since the latest earnings results.

Originally founded in 1968 as a defense contractor for the U.S. government, PAR Technology (NYSE:PAR) provides cloud-based software, payment processing, and hardware solutions that help restaurants manage everything from point-of-sale to customer loyalty programs.

PAR Technology reported revenues of $105 million, up 50.2% year on year. This print exceeded analysts’ expectations by 4.3%. Overall, it was an incredible quarter for the company with an impressive beat of analysts’ ARR and EPS estimates.

PAR Technology Total Revenue
PAR Technology Total Revenue

PAR Technology achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $60.33.

Is now the time to buy PAR Technology? Access our full analysis of the earnings results here, it’s free.

With security scanners deployed at airports and borders worldwide and patient monitors used in hospitals across the globe, OSI Systems (NASDAQ:OSIS) designs and manufactures specialized electronic systems for security screening, patient monitoring, and optoelectronic applications.

OSI Systems reported revenues of $419.8 million, up 12.5% year on year, outperforming analysts’ expectations by 3.3%. The business had a strong quarter with a decent beat of analysts’ EPS estimates and a narrow beat of analysts’ full-year EPS guidance estimates.



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