PagerDuty (PD) Beats Q1 Earnings and Revenue Estimates

Financial Performance - PagerDuty reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.17 per share a year ago, representing an earnings surprise of 26.32% [1] - The company posted revenues of $119.81 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.73% and increasing from $111.17 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $124.07 million, and for the current fiscal year, it is $0.93 on revenues of $502.73 million [7] - The estimate revisions trend for PagerDuty is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which PagerDuty belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]