PagerDuty Inc PD shares are trading higher Thursday after the company reported better-than-expected financial results and issued guidance.
PagerDuty said fourth-quarter revenue increased 32% year-over-year to $78.5 million, which beat the $76.08 million estimate. The company reported a quarterly earnings loss of 4 cents per share, which beat the estimate for a loss of 6 cents per share.
PagerDuty expects first-quarter revenue to be between $81.5 million and $83.5 million versus the $80.2 million estimate. The company expects to record an adjusted earnings loss between 8 and 9 cents per share versus the estimate for a loss of 6 cents per share.
Analyst Assessment:
- RBC Capital analyst Matthew Hedberg maintained PagerDuty with an Outperform rating and raised the price target from $45 to $46.
- Morgan Stanley maintained PagerDuty with an Equal-Weight rating and lowered the price target from $54 to $49.
- Monness, Crespi, Hardt analyst Brian White maintained PagerDuty with a Buy rating and raised the price target from $40 to $44.
See Also: What's Driving The Action In Occidental Petroleum Shares Today?
PD 52-Week Range: $24.02 - $50.33
The stock was up 14.2% at $30.66 at time of publication.
Photo: Pexels from Pixabay.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.