CALGARY, Alberta, May 02, 2025 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) would like to remind shareholders that it is holding its 2025 Annual and Special Meeting of Shareholders (the Annual Meeting) on Thursday, May 15, 2025 at 10:00 a.m. MST. As previously announced, the Annual Meeting will be held in a virtual-only meeting format. The meeting format will provide all shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location. The Annu ...

Group 1 - Precision Drilling Corporation has filed its Management Information Circular in connection with the 2025 Annual and Special Meeting of Shareholders [1] - The Annual Meeting is scheduled for May 15, 2025, at 10:00 a.m. (Mountain Time) and will be held in a virtual-only format [2] - Registered Shareholders must hold their common shares as of March 28, 2025, to participate in the Annual Meeting [3] Group 2 - Precision is a leading provider of safe and environmentally responsible services to the energy industry, offering access to an extensive fleet of Super Series drilling rigs [4] - The company has commercialized an industry-leading digital technology portfolio known as Alpha™, which utilizes advanced automation software and analytics [4] - Precision's services are enhanced by the EverGreen™ suite of environmental solutions, aimed at reducing the environmental impact of operations [4] Group 3 - Precision is headquartered in Calgary, Alberta, Canada, and is listed on the Toronto Stock Exchange under the symbol "PD" and on the New York Stock Exchange under the symbol "PDS" [5]

Core Insights - PagerDuty (PD) shares have recently declined by 6.2% over the past week, but a hammer chart pattern suggests potential support and a possible trend reversal [1][2] - Wall Street analysts are increasingly optimistic about PD's future earnings, which supports the likelihood of a trend reversal [2][6] Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support during a downtrend [3][4] - This pattern signals that bears may have lost control, and the emergence of buying interest could lead to a price reversal [4] Earnings Estimates - There has been a notable upward trend in earnings estimate revisions for PD, with a 66.9% increase in the consensus EPS estimate for the current year over the last 30 days, indicating analysts expect better earnings than previously predicted [6][7] - A positive trend in earnings estimate revisions is typically associated with price appreciation in the near term [6] Zacks Rank - PD currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [8] - The Zacks Rank serves as a timing indicator, suggesting that PD's prospects are beginning to improve, further supporting the potential for a trend reversal [8]

PagerDuty (PD) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this software developer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revis ...

Core Viewpoint - The article expresses a positive outlook on PagerDuty (NYSE: PD) due to its strategic shift towards targeting enterprise customers and the anticipated increase in demand resulting from the Federal Reserve's rate cuts [1]. Company Focus - PagerDuty is shifting its focus to enterprise customers, which is expected to enhance its market position and growth potential [1]. Investment Strategy - The investment approach highlighted in the article combines value investing principles with a focus on long-term growth, emphasizing the importance of acquiring quality companies at a discount to their intrinsic value [1].

Financial Reporting and Estimates - The company relies on estimates and assumptions for financial reporting, which if incorrect, could adversely affect operations and stock price [146]. - Significant estimates include stock-based compensation, credit loss allowances, and income tax provisions, which could lead to results falling below analyst expectations [146]. - The effectiveness of the company's internal control over financial reporting is crucial; any deficiencies could lead to a decline in stock price and investor confidence [221]. - The company is subject to various regulatory and reporting requirements as a public company, which may strain resources and distract management [228]. Compliance and Legal Risks - Compliance with anti-corruption laws is essential; violations could lead to significant legal and financial repercussions [158]. - Data privacy and security obligations are stringent; non-compliance could result in regulatory actions and reputational harm [162]. - The California Consumer Privacy Act imposes fines of up to $7,500 per intentional violation, impacting business operations [164]. - The company faces increasing compliance costs and legal risks due to evolving data privacy laws, with potential fines of up to €20 million or 4% of annual global revenue under the EU GDPR [167]. - The company is subject to various data localization requirements, which may hinder the transfer of personal data from Europe to the United States, potentially leading to significant operational disruptions [172]. - Increased scrutiny from regulators and potential new laws could necessitate changes in the company's business practices, impacting revenue opportunities [181]. - The company is exposed to class action litigation risks related to data privacy violations, which could result in substantial statutory damages [177]. Growth and Capital Requirements - The company must improve internal systems and processes to manage growth effectively, as failures could negatively impact operations and financial reporting [147]. - The company may require additional capital for growth, which might not be available on favorable terms, potentially harming its operations [205]. - The company faces risks related to the integration of acquired businesses, which could disrupt operations and affect financial performance [209]. - The company is seeking FedRAMP authorization for PagerDuty Operations Cloud, which is essential for selling to federal government customers; failure to obtain this could adversely impact growth and competitive positioning [185]. - The company may incur substantial costs and time in complying with industry-specific security standards required for sales to government entities, affecting overall business operations [184]. Debt and Financial Position - In October 2023, the company repurchased $230.0 million of its 1.25% convertible senior notes due 2025, leaving $57.5 million outstanding [195]. - The company issued $402.5 million of 1.50% convertible senior notes due 2028 in October 2023, with interest payable semi-annually [195]. - The company’s indebtedness may limit its operational flexibility and increase vulnerability to adverse economic conditions [197]. - The conversion of convertible notes could dilute existing stockholders' ownership interests [199]. - The company is subject to counterparty risk with respect to capped call transactions, which could affect its financial condition [204]. - The company’s ability to service its debt depends on future performance, which is subject to economic and competitive factors beyond its control [194]. Stock and Market Risks - The market price of the company's common stock may be highly volatile, influenced by various external factors [212]. - The trading market for the company's common stock is influenced by analysts' reports; unfavorable interpretations could negatively impact stock price [218]. - The company has substantial shares reserved for issuance upon the exercise of the Notes, which could impact stock price upon conversion [215]. - The company does not intend to pay dividends for the foreseeable future, relying on stock price appreciation for investor returns [220]. - The company has not declared or paid any cash dividends and does not plan to do so in the foreseeable future, affecting investor return strategies [220]. Currency and Foreign Operations - The reporting currency and functional currency of the company's wholly-owned foreign subsidiaries is the U.S. dollar [352]. - Substantially all of the company's sales are denominated in U.S. dollars, minimizing significant foreign currency risk [352]. - Operating expenses are denominated in the currencies of the countries where operations are located, including the U.S., Canada, the U.K., Australia, Switzerland, Japan, Chile, and Portugal [352]. - Consolidated results of operations and cash flows are subject to fluctuations due to changes in foreign currency exchange rates [352]. - The company has not entered into any hedging arrangements regarding foreign currency risk or other derivative financial instruments to date [352]. - A hypothetical 10% increase or decrease in the relative value of the U.S. dollar to other currencies is not expected to have a material effect on the company's operating results [352].

Core Viewpoint - PagerDuty (NYSE: PD) is focusing on multi-year and multi-product deals to potentially accelerate revenue growth and improve net retention rate [1] Company Overview - PagerDuty was founded in 2009 and offers cloud platforms for digital operations management [1] Investment Strategy - The investment approach is fundamental, bottom-up, long-term, and quality growth-oriented, targeting companies in niche markets with strong growth potential [1] - The goal is to achieve a 15% annual return with a portfolio typically consisting of 15-20 stocks, emphasizing diversification, risk management, and disciplined trading [1]

Core Insights - PagerDuty reported strong fiscal 2025 Q4 earnings, exceeding expectations with adjusted EPS of $0.22 and revenue of $121.4 million, showcasing significant growth driven by platform innovation [1][2][3] Financial Performance - Adjusted EPS increased by 29.4% year-over-year from $0.17 in Q4 FY2024 to $0.22 in Q4 FY2025 [3] - Revenue rose by 9.3% year-over-year from $111.1 million in Q4 FY2024 to $121.4 million in Q4 FY2025 [3] - Adjusted operating income doubled to $22.3 million, reflecting operational efficiency [3][7] - Free cash flow increased by 46% year-over-year, reaching $28.6 million [3] Company Overview - PagerDuty specializes in digital operations management, integrating machine learning, AI, and automation for efficient incident response [4] - The company focuses on expanding its platform capabilities and client base, particularly in overseas markets and the U.S. Public Sector [4] Customer Metrics - There was an increase in customers with annual recurring revenue (ARR) exceeding $100,000, indicating effective expansion strategies [5] - The dollar-based net retention rate was slightly down at 106%, demonstrating strong customer retention despite competition [5] Strategic Initiatives - The company launched a $150 million share repurchase program, indicating financial health and confidence [8] - PagerDuty acquired FedRAMP authorization to facilitate entry into the U.S. public sector, aligning with its strategy to target underserved markets [9] Future Outlook - For fiscal 2026 Q1, PagerDuty projects revenue between $118 million and $120 million, reflecting a 6% to 8% increase year-over-year [11] - Full fiscal year 2026 revenue guidance is set between $500 million and $507 million, suggesting steady growth momentum [11] - Projected adjusted net income per share for fiscal 2026 is between $0.90 and $0.95, with a focus on enhancing ARR growth rates [12]

Tony Righetti Good afternoon, and thank you for joining us to discuss PagerDuty's fourth quarter and full fiscal year 2025 results. With me on today's call are Jennifer Tejada, PagerDuty's Chairperson and Chief Executive Officer; and Howard Wilson, our Chief Financial Officer. Before we begin, let me remind everyone that the statements made on this call include forward-looking statements based on the environment as we currently see it, which involve known and unknown risks and uncertainties that may cause o ...

Core Viewpoint - PagerDuty reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing an increase from $0.17 per share a year ago, representing a 37.50% earnings surprise [1][2] Financial Performance - The company achieved revenues of $121.45 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.66% and up from $111.12 million year-over-year [2] - Over the last four quarters, PagerDuty has consistently surpassed consensus EPS estimates [2] Stock Performance - PagerDuty shares have declined approximately 11% since the beginning of the year, compared to a decline of 4.8% in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $119.82 million, and for the current fiscal year, it is $0.85 on revenues of $510.08 million [7] - The trend of earnings estimate revisions for PagerDuty is mixed, which may change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which PagerDuty belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]