Analysts Expect Pluralsight Inc (PS) to Post -$0.11 EPS

Wall Street brokerages forecast that Pluralsight Inc (NASDAQ:PS) will announce earnings of ($0.11) per share for the current fiscal quarter, according to Zacks. Four analysts have provided 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 business is expected to issue its next earnings results on Wednesday, January 23rd.

According to Zacks, 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 financial year, analysts expect that the company will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.35) to ($0.27). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Pluralsight.

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

A number of equities research analysts have commented on PS shares. Bank of America decreased their price target on Pluralsight from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Raymond James decreased their price target on Pluralsight from $36.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research cut Pluralsight from a “buy” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Robert W. Baird started coverage on Pluralsight in a report on Wednesday, November 28th. They set an “outperform” rating and a $22.38 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $34.93.

In other news, Director Karenann K. Terrell sold 123,609 shares of Pluralsight stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $19.88, for a total value of $2,457,346.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Aaron Skonnard sold 25,000 shares of Pluralsight stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $22.14, for a total value of $553,500.00. The disclosure for this sale can be found here. Insiders sold 656,834 shares of company stock worth $15,260,786 over the last ninety days.

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in Pluralsight during the second quarter worth approximately $331,000. Schwab Charles Investment Management Inc. bought a new stake in Pluralsight during the second quarter worth approximately $1,635,000. BlackRock Inc. bought a new stake in Pluralsight during the second quarter worth approximately $29,166,000. Legal & General Group Plc bought a new stake in Pluralsight during the second quarter worth approximately $110,000. Finally, FMR LLC bought a new stake in Pluralsight during the second quarter worth approximately $76,849,000. 53.36% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:PS opened at $27.46 on Friday. Pluralsight has a 52 week low of $17.88 and a 52 week high of $38.37.

About Pluralsight

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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