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

Impinj

24/07/2024 23:21

* Impinj Inc  PI.OQ  reported quarterly adjusted earnings of
83
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 33
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 74 cents per share. Wall Street expected
results to range from 72 cents to 77 cents per share.
    * Revenue rose 19.2% to $102.50 million from a year ago;
analysts
expected $97.52 million. 
    * Impinj Inc's reported EPS for the quarter was 34 cents​.
    * The company reported quarterly net income of $9.96
million.
    * Impinj Inc shares had risen by 3.0% this quarter and
gained 79.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 96.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Impinj Inc is
$180.00 
This summary was machine generated from LSEG data July 24 at
10:21 p.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
 Jun. 30 2024      0.74           0.83           Beat
 Mar. 31 2024      0.11           0.21           Beat
 Dec. 31 2023      0.02           0.09           Beat
 Sep. 30 2023      -0.10          0.00           Beat