Should you short it before the Earnings result? : Pluralsight (NASDAQ:PS)

Earnings results for Pluralsight (NASDAQ:PS)

Pluralsight, Inc. is expected* to report earnings on 11/05/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.24. The reported EPS for the same quarter last year was $-0.3.

Pluralsight last announced its earnings data on July 29th, 2020. The reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.03. The company earned $94.77 million during the quarter, compared to analyst estimates of $88.23 million. Its revenue was up 24.9% on a year-over-year basis. Pluralsight has generated ($0.98) earnings per share over the last year. Pluralsight has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on Pluralsight (NASDAQ:PS)

13 Wall Street analysts have issued ratings and price targets for Pluralsight in the last 12 months. Their average twelve-month price target is $22.77, predicting that the stock has a possible upside of 24.31%. The high price target for PS is $26.00 and the low price target for PS is $18.00. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Pluralsight has received a consensus rating of Buy. The company’s average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $22.77, Pluralsight has a forecasted upside of 24.3% from its current price of $18.32. Pluralsight has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Pluralsight (NASDAQ:PS)

Pluralsight does not currently pay a dividend. Pluralsight does not have a long track record of dividend growth.

Insiders buying/selling: Pluralsight (NASDAQ:PS)

In the past three months, Pluralsight insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,440,002.00 in company stock. Only 21.79% of the stock of Pluralsight is held by insiders. 81.96% of the stock of Pluralsight is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Pluralsight (NASDAQ:PS

Earnings for Pluralsight are expected to grow in the coming year, from ($0.96) to ($0.95) per share. The P/E ratio of Pluralsight is -15.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Pluralsight is -15.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Pluralsight has a P/B Ratio of 10.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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