PagerDuty (NYSE:PD) Releases Q2 2022 Earnings Guidance

PagerDuty (NYSE:PD) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.160–0.150 for the period, compared to the Thomson Reuters consensus estimate of $-0.090. The company issued revenue guidance of $64.50 million-66.50 million, compared to the consensus revenue estimate of $63.78 million.PagerDuty also updated its FY 2022 guidance to $-0.420–0.360 EPS.

PD stock traded up $0.95 during midday trading on Thursday, reaching $39.89. The company had a trading volume of 1,177,118 shares, compared to its average volume of 1,412,801. PagerDuty has a 1 year low of $23.00 and a 1 year high of $58.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.70 and a quick ratio of 3.70. The stock has a market capitalization of $3.34 billion, a P/E ratio of -45.85 and a beta of 1.29. The company’s 50 day moving average price is $39.75.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Wednesday, June 2nd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $63.59 million for the quarter, compared to the consensus estimate of $62.05 million. PagerDuty had a negative net margin of 32.26% and a negative return on equity of 18.34%. PagerDuty’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. As a group, equities research analysts predict that PagerDuty will post -0.91 EPS for the current year.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of PagerDuty from a hold rating to a sell rating in a report on Wednesday. Royal Bank of Canada raised their price target on shares of PagerDuty from $44.00 to $50.00 and gave the company an outperform rating in a report on Thursday, June 3rd. Credit Suisse Group restated a neutral rating and set a $42.00 price target on shares of PagerDuty in a report on Monday, March 15th. CIBC raised their price target on shares of PagerDuty from $45.00 to $50.00 and gave the company an outperformer rating in a report on Friday, June 4th. Finally, Cowen started coverage on shares of PagerDuty in a report on Friday, March 12th. They issued a market perform rating and a $54.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $44.42.

In other PagerDuty news, CRO Dave Justice sold 4,570 shares of the firm’s stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $38.21, for a total value of $174,619.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Stacey Giamalis sold 8,000 shares of the firm’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $41.84, for a total transaction of $334,720.00. The disclosure for this sale can be found here. Insiders sold a total of 66,465 shares of company stock worth $2,777,349 over the last 90 days. Company insiders own 9.90% of the company’s stock.

About PagerDuty

PagerDuty, Inc operates a digital operations management platform in the United States and internationally. Its platform harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real time. The company's platform provides on-call management, event intelligence, incident response, business visibility, and advanced analytics solutions to address digital operations management requirements.

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