Zacks: Brokerages Expect Pluralsight Inc (PS) Will Announce Earnings of -$0.10 Per Share

Equities analysts forecast that Pluralsight Inc (NASDAQ:PS) will post earnings of ($0.10) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Pluralsight’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.14). The company is scheduled to report its next earnings report on Wednesday, January 23rd.

On average, analysts expect that Pluralsight will report full year earnings of ($0.62) per share for the current year, with EPS estimates ranging from ($0.66) to ($0.60). For the next fiscal year, analysts forecast that the business will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.33) to ($0.27). Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Pluralsight.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The firm had revenue of $61.55 million during the quarter, compared to analyst estimates of $57.57 million.

A number of research firms have recently weighed in on PS. First Analysis reaffirmed a “positive” rating and set a $45.00 price target on shares of Pluralsight in a research note on Friday, September 7th. SunTrust Banks upped their price target on shares of Pluralsight to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Bank of America upped their price target on shares of Pluralsight from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. JPMorgan Chase & Co. upped their price target on shares of Pluralsight to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Finally, Barclays upped their price target on shares of Pluralsight from $31.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $36.50.

Shares of PS opened at $21.47 on Friday. Pluralsight has a 1 year low of $19.25 and a 1 year high of $38.37.

Several institutional investors have recently added to or reduced their stakes in the stock. Pendal Group Ltd boosted its position in shares of Pluralsight by 251.3% in the 3rd quarter. Pendal Group Ltd now owns 12,119 shares of the company’s stock worth $388,000 after buying an additional 8,669 shares in the last quarter. Wells Fargo & Company MN lifted 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 purchasing an additional 10,170 shares in the last quarter. Emerald Advisers Inc. PA lifted its holdings in Pluralsight by 10.4% in the 3rd quarter. Emerald Advisers Inc. PA now owns 502,899 shares of the company’s stock valued at $16,093,000 after purchasing an additional 47,220 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in Pluralsight by 17.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 459,141 shares of the company’s stock valued at $14,693,000 after purchasing an additional 68,775 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Pluralsight in the 3rd quarter valued at about $2,817,000. Institutional investors and hedge funds own 50.81% 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.

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