ServiceTitan shares plunge over 30% after third-quarter outlook misses estimates

  • ServiceTitan shares fell more than 30% at midday after its third-quarter revenue guidance missed analyst estimates.
  • Fiscal second-quarter revenue rose 21% to $292.76 million, while gross transaction volume increased 17% to $26.8 billion.
  • ServiceTitan raised its fiscal 2027 revenue outlook to $1.139 billion-$1.144 billion, but Canaccord cut its price target to $90 from $105.

ServiceTitan reported fiscal 2027 second-quarter revenue of $292.76 million, up 21% year over year and above the $285.96 million FactSet estimate, while adjusted earnings reached 40 cents per share versus 35 cents expected. Its third-quarter revenue forecast of $285 million to $287 million trailed the $287.87 million consensus midpoint, and shares later fell more than 30% at midday after earlier premarket declines of about 17%. The company raised its fiscal 2027 revenue outlook to $1.139 billion-$1.144 billion, while Canaccord Genuity cut its price target to $90 from $105 and retained a Buy rating.

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