What is Scotiabank's Estimate for PagerDuty FY2026 Earnings?

PagerDuty, Inc. (NYSE:PD - Free Report) - Research analysts at Scotiabank increased their FY2026 EPS estimates for shares of PagerDuty in a report issued on Monday, June 9th. Scotiabank analyst N. Altmann now expects that the company will post earnings per share of $0.09 for the year, up from their prior estimate of ($0.06). The consensus estimate for PagerDuty's current full-year earnings is ($0.27) per share.

A number of other research firms also recently issued reports on PD. TD Securities lowered their price target on PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Royal Bank of Canada reduced their price objective on PagerDuty from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. The Goldman Sachs Group cut their price target on PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Canaccord Genuity Group cut their price target on PagerDuty from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Finally, Morgan Stanley cut their price target on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.50.

PagerDuty Price Performance

Shares of PD traded down $0.23 during mid-day trading on Thursday, reaching $14.99. 945,537 shares of the company's stock were exchanged, compared to its average volume of 1,102,041. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $17.66. PagerDuty has a 52-week low of $13.94 and a 52-week high of $23.12. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -18.74 and a beta of 0.88.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The company had revenue of $119.81 million during the quarter, compared to the consensus estimate of $118.98 million. During the same period last year, the firm earned $0.17 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis.

PagerDuty declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 13th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On PagerDuty

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in PagerDuty by 3.8% in the 1st quarter. Rhumbline Advisers now owns 136,343 shares of the company's stock worth $2,491,000 after buying an additional 4,940 shares in the last quarter. Acadian Asset Management LLC grew its holdings in PagerDuty by 76.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,790 shares of the company's stock worth $1,036,000 after buying an additional 24,577 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PagerDuty by 19.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,941 shares of the company's stock worth $5,115,000 after buying an additional 46,262 shares in the last quarter. Woodline Partners LP bought a new position in PagerDuty in the 1st quarter worth approximately $556,000. Finally, Petrus Trust Company LTA bought a new position in PagerDuty in the 1st quarter worth approximately $574,000. 97.26% of the stock is owned by institutional investors.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.