Impinj Inc expected to post earnings of 11 cents a share - Earnings Preview

Impinj

22/04/2024 23:29

* Impinj Inc  PI.OQ   PI.O  is expected to show a fall in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Seattle Washington-based  company is expected to
report a
14.3% decrease in revenue to $73.575 million from $85.9 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $72.00
million and $75.00 million.
    * ​LSEG's mean analyst estimate for Impinj Inc is for
earnings of
11 cents per share. The company's EPS guidance on February 8
2024, for the period ended March 31, was between $0.08 and
$0.13 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 28.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Impinj Inc
is
$130.00​, above​ its last closing price of $116.32. ​​​

The company's guidance on February 8 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD72 million and USD4.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.04        0.02       0.09      Beat    295.6
 Sep. 30 2023  -0.10       -0.10      0.00      Beat    104.1
 Jun. 30 2023  0.31        0.31       0.33      Beat    7.4​
 Mar. 31 2023  0.33        0.33       0.30      Missed  -9.6
 ​​Dec.        0.41        0.41       0.41      Met     1.2
 31 2022                                                
 Sep. 30 2022  0.16        0.16       0.34      Beat    110.3​
 Jun. 30 2022  -0.01       -0.02      0.11      Beat    787.5
 Mar. 31 2022  -0.01       -0.01      0.09      Beat    887.4
 This summary was machine generated April 22 at 22:29 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)