PagerDuty (NYSE:PD) Issues FY 2022 Earnings Guidance

PagerDuty (NYSE:PD) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $-0.420–0.360 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.390. The company issued revenue guidance of $267 million-272 million, compared to the consensus revenue estimate of $267.75 million.PagerDuty also updated its Q2 2022 guidance to $-0.160–0.150 EPS.

A number of research firms have recently weighed in on PD. CIBC increased their price objective on PagerDuty from $45.00 to $50.00 and gave the company an outperformer rating in a research note on Friday, June 4th. Royal Bank of Canada increased their price objective on PagerDuty from $44.00 to $50.00 and gave the company an outperform rating in a research note on Thursday, June 3rd. Zacks Investment Research lowered PagerDuty from a hold rating to a sell rating in a research note on Wednesday. Credit Suisse Group reissued a neutral rating and set a $42.00 price objective on shares of PagerDuty in a research note on Monday, March 15th. Finally, Monness Crespi & Hardt increased their price objective on PagerDuty from $57.00 to $59.00 in a research note on Thursday, March 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $44.42.

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

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

In other PagerDuty news, VP Stacey Giamalis sold 8,000 shares of the stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $41.84, for a total value of $334,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elena Gomez sold 5,000 shares of the stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $44.47, for a total value of $222,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,465 shares of company stock valued at $2,777,349. 9.90% of the stock is owned by corporate insiders.

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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