PagerDuty (NYSE:PD) slid in pre-market trading after the cloud computing company announced an outlook that disappointed investors. The company expects to report adjusted earnings in the range of $0.12 to $0.13 per diluted share on revenues between $110.5 million and $112.5 million in the first quarter. For reference, analysts were expecting earnings of $0.18 per share on revenues of $113.3 million.
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In FY25, PagerDuty has projected revenues ranging from $470 million to $478 million, which again fell short of consensus estimates of $478.6 million. Adjusted earnings are estimated to be between $0.65 and $0.70 per diluted share.
In the fourth quarter, the company reported adjusted earnings of $0.17 per share, exceeding consensus estimates of $0.15 per share. PD posted Q4 revenues of $111.1 million as compared to analysts’ estimates of $110.7 million.
Is PD a Good Stock to Buy?
Analysts remain sidelined about PD stock with a Hold consensus rating based on one Buy and three Holds. Over the past year, PD stock has plunged by more than 15% and the average PD price target of $30.50 implies an upside potential of 33% at current levels.
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