Pagerduty (NYSE:PD) Updates FY20 Earnings Guidance

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Pagerduty (NYSE:PD) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of ($0.37)-($0.36) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.38). The company issued revenue guidance of $162-$164 million, compared to the consensus revenue estimate of $162.40 million.Pagerduty also updated its FY 2020 guidance to $-0.37–0.36 EPS.

Several equities analysts recently weighed in on the stock. Raymond James reaffirmed a buy rating and issued a $4.75 price target on shares of Pagerduty in a research report on Friday, July 26th. TD Securities raised shares of Pagerduty to a top pick rating and dropped their price target for the company from $5.00 to $4.50 in a research report on Wednesday. Piper Jaffray Companies raised their price target 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. Zacks Investment Research cut shares of Pagerduty from a hold rating to a sell rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley dropped their price target on shares of Pagerduty from $48.00 to $43.00 and set an equal weight rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Pagerduty has an average rating of Buy and a consensus target price of $36.66.

NYSE:PD traded down $4.13 on Friday, hitting $32.47. The stock had a trading volume of 3,204,973 shares, compared to its average volume of 615,691. Pagerduty has a 1 year low of $33.25 and a 1 year high of $59.82. The firm’s fifty day simple moving average is $39.34.

Pagerduty (NYSE:PD) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The firm had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.12 million. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. Analysts expect that Pagerduty will post -0.76 earnings per share for the current year.

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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