Brokerages Anticipate Pluralsight Inc (PS) Will Post Earnings of -$0.11 Per Share

Equities analysts predict that Pluralsight Inc (NASDAQ:PS) will announce earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pluralsight’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.09). The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 13th.

According to Zacks, analysts expect that Pluralsight will report full year earnings of ($0.62) per share for the current fiscal year, with EPS estimates ranging from ($0.66) to ($0.60). For the next year, analysts anticipate that the business will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.35) to ($0.27). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Pluralsight.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings results on Wednesday, October 24th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06. The business had revenue of $61.55 million during the quarter, compared to analysts’ expectations of $57.57 million.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Robert W. Baird assumed coverage on shares of Pluralsight in a research report on Wednesday, November 28th. They set an “outperform” rating and a $22.38 price target for the company. Bank of America reduced their price target on shares of Pluralsight from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Raymond James reduced their price target on shares of Pluralsight from $36.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Pluralsight currently has a consensus rating of “Buy” and an average price target of $34.93.

NASDAQ:PS traded up $0.76 during mid-day trading on Friday, hitting $28.91. The company’s stock had a trading volume of 10,602 shares, compared to its average volume of 754,551. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37.

In other Pluralsight news, insider Nate Walkingshaw sold 45,625 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $22.70, for a total value of $1,035,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Skonnard sold 74,600 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $26.06, for a total transaction of $1,944,076.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 656,834 shares of company stock valued at $15,260,786.

A number of hedge funds have recently added to or reduced their stakes in PS. Legal & General Group Plc acquired a new stake in Pluralsight in the 2nd quarter valued at about $110,000. Bank of Montreal Can raised its holdings in Pluralsight by 164.6% in the 3rd quarter. Bank of Montreal Can now owns 5,028 shares of the company’s stock valued at $161,000 after acquiring an additional 3,128 shares during the last quarter. Domini Impact Investments LLC acquired a new stake in Pluralsight in the 3rd quarter valued at about $239,000. Wells Fargo & Company MN raised its holdings in Pluralsight by 10,170.0% in the 3rd quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock valued at $329,000 after acquiring an additional 10,170 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Pluralsight in the 2nd quarter valued at about $331,000. Institutional investors own 53.36% of the company’s stock.

Pluralsight Company Profile

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

See Also: Marijuana Stocks Future Looks Bright

Get a free copy of the Zacks research report on Pluralsight (PS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit