These Analysts Cut Their Forecasts On PagerDuty After Q3 Results
The drop in sales guidance and downward price target adjustments contribute to negative sentiment. Historically, similar mixed earnings have led to stock declines.
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The drop in sales guidance and downward price target adjustments contribute to negative sentiment. Historically, similar mixed earnings have led to stock declines.
What happened, with direct paths to the underlying reporting
PagerDuty reported earnings of 33 cents, beating expectations of 25 cents. Sales of $124.545 million missed estimates of $125.034 million. Fourth-quarter guidance predicts sales of $122-124 million, lower than $127.295 million. Analysts adjusted price targets downward despite maintaining ratings. PagerDuty shares dropped 25.5% following the earnings report.
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