Impinj Inc reports results for the quarter ended in September 30 - Earnings Summary

Impinj

24/10/2024 04:01

* Impinj Inc  PI.OQ  reported quarterly adjusted earnings of
56
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
eleven analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 46 cents to 50
cents per share.
    * Revenue rose 46.4% to $95.20 million from a year ago;
analysts
expected $92.88 million. 
    * Impinj Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $221
thousand.
    * Impinj Inc shares had risen by 3.2% this quarter and
gained 148.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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
205.00 
This summary was machine generated from LSEG data October 24 at
03:01 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
 Sep. 30 2024      0.48           0.56           Beat
 Jun. 30 2024      0.74           0.83           Beat
 Mar. 31 2024      0.11           0.21           Beat
 Dec. 31 2023      0.02           0.09           Beat