Zacks: Analysts Anticipate Pluralsight Inc (PS) to Announce -$0.09 Earnings Per Share

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Wall Street analysts predict that Pluralsight Inc (NASDAQ:PS) will announce earnings per share of ($0.09) for the current quarter, Zacks reports. Four analysts have provided estimates for Pluralsight’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.09). The company is expected to announce its next earnings results after the market closes on Wednesday, May 1st.

On average, analysts expect that Pluralsight will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.27). For the next financial year, analysts forecast that the firm will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.18) to ($0.04). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Pluralsight.

Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, February 13th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.14). Pluralsight had a negative return on equity of 246.61% and a negative net margin of 36.06%. The company had revenue of $67.26 million during the quarter, compared to the consensus estimate of $65.76 million. During the same period last year, the firm posted ($0.53) EPS. The company’s revenue for the quarter was up 41.9% on a year-over-year basis.

A number of brokerages have recently issued reports on PS. Bank of America boosted their price objective on shares of Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pluralsight currently has an average rating of “Buy” and an average price target of $35.26.

NASDAQ:PS traded down $0.67 during trading hours on Friday, reaching $31.66. The company had a trading volume of 35,273 shares, compared to its average volume of 1,586,073. Pluralsight has a 52 week low of $17.88 and a 52 week high of $38.37. The company has a market cap of $4.40 billion and a PE ratio of -21.77.

In related news, CEO Aaron Skonnard sold 50,000 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $29.36, for a total value of $1,468,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $28.37, for a total transaction of $225,348,073.34. The disclosure for this sale can be found here. Insiders sold a total of 9,101,284 shares of company stock valued at $258,843,580 in the last ninety days. 23.19% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC purchased a new stake in Pluralsight in the 4th quarter worth $203,041,000. Riverbridge Partners LLC purchased a new stake in Pluralsight in the 1st quarter worth $72,669,000. BBR Partners LLC purchased a new stake in Pluralsight in the 4th quarter worth $43,348,000. BlackRock Inc. lifted its stake in Pluralsight by 48.9% in the 3rd quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock worth $56,824,000 after purchasing an additional 582,839 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in Pluralsight in the 4th quarter worth $13,664,000. 68.88% of the stock is owned by institutional investors.

Pluralsight Company Profile

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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