Advertisement
New Zealand markets open in 6 hours 53 minutes
  • NZX 50

    11,744.39
    +2.92 (+0.02%)
     
  • NZD/USD

    0.6113
    +0.0025 (+0.42%)
     
  • ALL ORDS

    8,007.10
    +47.60 (+0.60%)
     
  • OIL

    79.81
    +1.55 (+1.98%)
     
  • GOLD

    2,091.60
    +36.90 (+1.80%)
     

PagerDuty (PD) to Report Q3 Earnings: What's in the Cards?

PagerDuty PD is scheduled to report third-quarter fiscal 2024 results on Nov 30.

For the fiscal third quarter, PagerDuty expects revenues in the range of $106.5-$108.5 million.

The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $106.95 million, indicating a rise of 13.54% from the figure reported in the year-ago quarter.

The consensus estimate for fiscal third-quarter earnings is pegged at 13 cents per share compared with earnings of 4 cents reported in the year-ago quarter. The consensus estimates for earnings have been stable in the past 30 days.

PagerDuty Price and EPS Surprise

 

PagerDuty Price and EPS Surprise
PagerDuty Price and EPS Surprise

PagerDuty price-eps-surprise | PagerDuty Quote


PagerDuty’s earnings beat the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter earnings surprise of 178.06% on average.

Let’s see how things have shaped up for PagerDuty prior to this announcement:

 

Factors to Note

PD's fiscal third-quarter performance is likely to have benefited from the robust performance and strength of its Operations Cloud platform.

The Operations Cloud's four core solutions, including Incident Response, AIOps, Process Automation and Customer Service Ops, enabling customers to achieve cost savings through automation and accelerate digital transformation are likely to have boosted its quarterly performance.

PagerDuty's continuous innovation within the Operations Cloud, evident through the introduction of features like custom fields, incident workflow templates and advanced analytics, supported by the robust foundation of the Operations Cloud platform, is likely to be reflected in the to-be-reported quarter’s performance.

Significant customer expansion is expected to have aided the fiscal third-quarter numbers.

What Our Model Indicates

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here.

PagerDuty has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks to Consider

Here are some other companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:

Synopsys SNPS has an Earnings ESP of 0.00% and a Zacks Rank #2. You can find the complete list of today’s Zacks #1 Rank stocks here.

Synopsys is set to announce fourth-quarter and fiscal 2023 results on Nov 29. SNPS’ shares are up 70.2% year to date.

Snowflake SNOW has an Earnings ESP of +67.33% and a Zacks Rank #2.

Snowflake is set to announce third-quarter 2023 results on Nov 29. SNOW’s shares have returned 18.6% year to date.

Veeva Systems VEEV has an Earnings ESP of +1.11% and a Zacks Rank #3.

Veeva Systems is set to announce third-quarter fiscal 2024 results on Dec 6. VEEV’s shares have returned 7.4% year to date.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Synopsys, Inc. (SNPS) : Free Stock Analysis Report

Veeva Systems Inc. (VEEV) : Free Stock Analysis Report

Snowflake Inc. (SNOW) : Free Stock Analysis Report

PagerDuty (PD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research