Pluralsight Inc (NASDAQ:PS) Expected to Announce Earnings of -$0.14 Per Share

Wall Street analysts expect that Pluralsight Inc (NASDAQ:PS) will report earnings per share of ($0.14) for the current quarter, Zacks reports. Four analysts have provided estimates for Pluralsight’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.13). Pluralsight posted earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is expected to issue its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Pluralsight will report full year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.41) to ($0.39). For the next year, analysts forecast that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.10). Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Pluralsight.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. Pluralsight’s quarterly revenue was up 40.2% on a year-over-year basis.

PS has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $42.00 price target (up previously from $38.00) on shares of Pluralsight in a report on Thursday, May 2nd. Zacks Investment Research lowered Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, Citigroup began coverage on Pluralsight in a research note on Tuesday, May 14th. They issued a “buy” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.49.

In other Pluralsight news, insider Nate Walkingshaw sold 3,851 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $32.58, for a total transaction of $125,465.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aaron Skonnard sold 133,395 shares of Pluralsight stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.71, for a total transaction of $4,496,745.45. The disclosure for this sale can be found here. Insiders sold 173,531 shares of company stock valued at $5,788,397 over the last three months. 23.19% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PS. TimesSquare Capital Management LLC lifted its holdings in shares of Pluralsight by 87.6% during the first quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock worth $129,137,000 after purchasing an additional 1,899,315 shares during the period. FIL Ltd acquired a new stake in Pluralsight in the first quarter valued at $94,480,000. JPMorgan Chase & Co. lifted its holdings in Pluralsight by 152.2% in the first quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock valued at $86,358,000 after acquiring an additional 1,642,071 shares during the period. Riverbridge Partners LLC acquired a new stake in Pluralsight in the first quarter valued at $72,669,000. Finally, BlackRock Inc. lifted its holdings in Pluralsight by 8.0% in the fourth quarter. BlackRock Inc. now owns 1,917,779 shares of the company’s stock valued at $45,164,000 after acquiring an additional 142,072 shares during the period. 77.21% of the stock is owned by institutional investors and hedge funds.

Pluralsight stock traded down $0.03 during midday trading on Friday, reaching $32.68. 3,896 shares of the company were exchanged, compared to its average volume of 1,758,650. The stock has a market cap of $4.48 billion and a PE ratio of -22.32. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.68.

About Pluralsight

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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