Impinj Inc expected to post earnings of 74 cents a share - Earnings Preview

Impinj

22/07/2024 21:19

* Impinj Inc  PI.OQ   PI.O  is expected to show a rise in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Seattle Washington-based  company is expected to
report a
13.4% increase in revenue to $97.52 million from $85.99 million
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.The company's guidance on April 24 2024, for
the period ended June 30, was for revenue between $96.00 million
and $99.00 million.
    * ​LSEG's mean analyst estimate for Impinj Inc is for
earnings of
74 cents per share. The company's EPS guidance on April 24 2024,
for the period ended June 30, was between $0.72 and $0.77 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Impinj Inc
is
$180.00​, above​ its last closing price of $171.42. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD96 million and USD25.4 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  
 Mar. 31 2024  0.11        0.11       0.21      Beat    92.5
 Dec. 31 2024  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.        0.33        0.33       0.30      Missed  -9.6
 31 2023                                                
 Dec. 31 2022  0.41        0.41       0.41      Met     1.2​
 Sep. 30 2022  0.16        0.16       0.34      Beat    110.3
 Jan. 1 0001   -0.01       -0.02      0.11      Beat    787.5
 This summary was machine generated July 22 at 20:19 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)