PagerDuty Sees Q3 2024 Revenue $115.5M - $117.5M Vs $116.5M Est.; Non-GAAP EPS $0.16 - $0.17 Per Share Vs $0.17 Est.
Portfolio Pulse from Benzinga Newsdesk
PagerDuty has released its Q3 2024 financial guidance, projecting revenue between $115.5 million and $117.5 million, slightly below the consensus estimate of $116.5 million. The company also forecasts a non-GAAP EPS of $0.16 to $0.17, aligning with the market estimate of $0.17.
September 03, 2024 | 8:09 pm
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NEUTRAL IMPACT
PagerDuty's Q3 2024 revenue guidance is slightly below market expectations, while its non-GAAP EPS aligns with estimates. This mixed guidance may lead to neutral or slightly negative short-term stock movement.
PagerDuty's revenue guidance of $115.5M-$117.5M is slightly below the consensus estimate of $116.5M, which could be seen as a negative. However, the non-GAAP EPS guidance of $0.16-$0.17 matches the estimate of $0.17, which is neutral. The mixed nature of the guidance suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100