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Pagerduty Inc Up 2.49% To $24.70 After Earnings Beat

Friday, September 02, 2022 11:07 AM | InvestorsObserver Analysts
Pagerduty Inc Up 2.49% To $24.70 After Earnings Beat

Friday, September 2, 2022 - Pagerduty Inc (PD) reported upside earnings and revenues today.

Analyst expectations for Pagerduty Inc earnings per share (EPS) were at a loss of $0.08 per share, with the company surpassing those estimates with a reported EPS loss of $0.04 per share, leading to a positive surprise of $0.04 per share (50%). Pagerduty Inc's earnings rose 69% year-over-year as the firm reported an EPS loss of $0.13 per share in its year-ago quarter. The positive annual growth shows the Technology company is performing well amid recent economic conditions.

Revenues were upbeat at $90.3 million. That is an increase of 33.64% in revenues from the year-ago report and is 2.41% higher than consensus estimates set at $88.1 million.

The stock is up 2.49% to $24.70 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 36. Meanwhile, the average Wall Street analyst rated the stock a Buy.

PagerDuty Inc is a software company that offers on-call management. 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 product offerings of the company include Analytics, Visibility, Event Intelligence, and Modern Incident Response among others.

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