Impinj Inc reports results for the quarter ended in December - Earnings Summary

Impinj

09/02/2024 24:26

* Impinj Inc  PI.OQ  reported quarterly adjusted earnings of
9
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from -2 cents to 9 cents per share.
    * Revenue fell 7.8% to $70.65 million from a year ago;
analysts
expected $68.31 million. 
    * Impinj Inc's reported EPS for the quarter was a loss of 56
cents​.
    * The company reported a quarterly loss of $15.18 million.
    * Impinj Inc shares had risen by 19.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 783.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Impinj Inc is
$100.00 
This summary was machine generated from LSEG data February 9 at
12:26 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.02           0.09           Beat
 Sep. 30 2023      -0.10          0.00           Beat
 Jun. 30 2023      0.31           0.33           Beat
 Mar. 31 2023      0.33           0.30           Missed