Pagerduty (NYSE:PD) Updates FY20 Earnings Guidance

Pagerduty (NYSE:PD) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.38-0.37) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.39). The company issued revenue guidance of $161-163 million, compared to the consensus revenue estimate of $155.83 million.Pagerduty also updated its FY 2020 guidance to $-0.38–0.37 EPS.

Shares of PD stock traded up $6.40 on Friday, hitting $53.45. The stock had a trading volume of 263,688 shares, compared to its average volume of 732,631. The company’s 50 day moving average is $52.14. Pagerduty has a 12-month low of $36.00 and a 12-month high of $59.82.

Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $25.00 million during the quarter, compared to the consensus estimate of $34.92 million. During the same quarter last year, the business posted $37.30 earnings per share. On average, equities research analysts predict that Pagerduty will post -0.37 earnings per share for the current year.

PD has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an overweight rating and a $55.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued a sector perform rating and a $47.00 price objective for the company. Piper Jaffray Companies raised their target price on shares of Pagerduty from $52.00 to $60.00 and gave the company an overweight rating in a research note on Friday, June 7th. William Blair initiated coverage on shares of Pagerduty in a research note on Monday, May 6th. They issued an outperform rating and a $36.00 target price on the stock. Finally, Raymond James reaffirmed a buy rating and issued a $5.00 target price on shares of Pagerduty in a research note on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $42.50.

In related news, insider Dan Alexandru Solomon sold 342,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.32, for a total value of $7,633,440.00. The sale was disclosed in a filing with the SEC, which is available through this link.

About Pagerduty

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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