Equities analysts expect Pluralsight Inc (NASDAQ:PS) to announce $57.57 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $57.70 million and the lowest estimate coming in at $57.49 million. The business is expected to announce its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Pluralsight will report full year sales of $223.83 million for the current financial year, with estimates ranging from $223.36 million to $224.20 million. For the next fiscal year, analysts expect that the business will post sales of $297.70 million per share, with estimates ranging from $293.30 million to $305.12 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Pluralsight.
Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.07. The company had revenue of $53.60 million for the quarter, compared to the consensus estimate of $50.83 million. Pluralsight’s revenue was up 37.8% compared to the same quarter last year.
A number of research analysts have weighed in on PS shares. First Analysis reaffirmed a “positive” rating and issued a $45.00 price objective on shares of Pluralsight in a research note on Friday. SunTrust Banks raised their price objective on shares of Pluralsight to $40.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America raised their price objective on shares of Pluralsight from $30.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Needham & Company LLC raised their price objective on shares of Pluralsight from $29.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. Finally, Raymond James raised their price objective on shares of Pluralsight from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 30th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.00.
Several hedge funds have recently made changes to their positions in PS. Massachusetts Financial Services Co. MA purchased a new stake in shares of Pluralsight in the second quarter valued at about $17,519,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Pluralsight during the second quarter worth about $847,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Pluralsight during the second quarter worth about $6,554,000. Emerald Advisers Inc. PA purchased a new stake in Pluralsight during the second quarter worth about $11,141,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Pluralsight during the second quarter worth about $9,544,000. Institutional investors own 50.50% of the company’s stock.
Shares of NASDAQ PS opened at $35.35 on Friday. Pluralsight has a 12-month low of $19.25 and a 12-month high of $36.44.
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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