PagerDuty (PD) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - PagerDuty reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, marking a 56.25% earnings surprise [1] - The company has consistently surpassed consensus EPS estimates over the last four quarters [2] Financial Performance - PagerDuty's revenues for the quarter ended October 2024 were $118.95 million, surpassing the Zacks Consensus Estimate by 2.10% and up from $108.72 million a year ago [2] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $121.41 million, and for the current fiscal year, it is $0.70 on revenues of $466.75 million [8] Stock Performance - PagerDuty shares have declined approximately 10.8% since the beginning of the year, while the S&P 500 has gained 25.5% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [7] Industry Outlook - The Internet - Software industry is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook for companies within this sector [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]