Pagerduty (NYSE:PD) Releases Q3 Earnings Guidance

Pagerduty (NYSE:PD) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.10)-($0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $41.5-$42.5 million, compared to the consensus revenue estimate of $41.61 million.Pagerduty also updated its FY 2020 guidance to $-0.37–0.36 EPS.

NYSE:PD traded down $2.97 during trading hours on Friday, reaching $33.63. The company had a trading volume of 127,362 shares, compared to its average volume of 615,691. Pagerduty has a 52 week low of $33.25 and a 52 week high of $59.82. The company’s 50 day simple moving average is $39.34.

Pagerduty (NYSE:PD) last posted its earnings results on Thursday, September 5th. The company reported ($0.07) EPS for the quarter, topping 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 firm’s revenue was up 45.8% on a year-over-year basis. As a group, equities analysts predict that Pagerduty will post -0.76 earnings per share for the current year.

A number of equities research analysts have recently issued reports on PD shares. Piper Jaffray Companies boosted their price objective on shares of Pagerduty from $52.00 to $60.00 and gave the company an overweight rating in a research report on Friday, June 7th. TD Securities raised shares of Pagerduty to a top pick rating and dropped their target price for the stock from $5.00 to $4.50 in a report on Wednesday. Royal Bank of Canada raised shares of Pagerduty from a sector perform rating to an outperform rating and set a $49.00 target price for the company in a report on Wednesday, August 14th. Zacks Investment Research downgraded shares of Pagerduty from a hold rating to a sell rating in a report on Tuesday, July 9th. Finally, DA Davidson began coverage on shares of Pagerduty in a report on Friday, August 16th. They issued a neutral rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $36.66.

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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