Pagerduty (NYSE:PD) Releases Q3 2020 Earnings Guidance

Pagerduty (NYSE:PD) issued an update on its third quarter 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.1–0.09 for the period, compared to the Thomson Reuters consensus estimate of $-0.08. The company issued revenue guidance of $41.5-42.5 million, compared to the consensus revenue estimate of $41.58 million.Pagerduty also updated its FY 2020 guidance to $-0.37–0.36 EPS.

NYSE PD traded down $2.59 on Friday, reaching $34.01. The company had a trading volume of 113,087 shares, compared to its average volume of 615,691. The stock’s 50 day moving average is $39.34. Pagerduty has a 12 month low of $33.25 and a 12 month high of $59.82.

Pagerduty (NYSE:PD) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The company had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.12 million. The company’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, equities analysts anticipate that Pagerduty will post -0.76 earnings per share for the current fiscal year.

PD has been the topic of a number of research reports. Raymond James reiterated a buy rating and issued a $4.75 price target on shares of Pagerduty in a report on Friday, July 26th. Piper Jaffray Companies lifted their price target on shares of Pagerduty from $52.00 to $60.00 and gave the company an overweight rating in a report on Friday, June 7th. Zacks Investment Research downgraded shares of Pagerduty from a hold rating to a sell rating in a report on Tuesday, July 9th. Canaccord Genuity reiterated a buy rating on shares of Pagerduty in a report on Tuesday, July 9th. Finally, TD Securities upgraded shares of Pagerduty to a top pick rating and reduced their price target for the company from $5.00 to $4.50 in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $37.16.

Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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Earnings History and Estimates for Pagerduty (NYSE:PD)

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