Penguin Solutions Inc reports results for the quarter ended August 31 - Earnings Summary
Penguin Solutions Inc reports results for the quarter ended August 31 - Earnings Summary
Penguin Solutions Inc PENG.OQ reported quarterly adjusted earnings of $1.00 per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of seven analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 75 cents to 80 cents per share.
Revenue rose 67.7% to $566.69 million from a year ago; analysts expected $516.12 million.
Penguin Solutions Inc's reported EPS for the quarter was $1.29.
The company reported quarterly net income of $81.27 million.
Penguin Solutions Inc shares had risen by 11.0% this quarter and gained 210.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 13.8% 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 7 "strong buy" or "buy," no "hold" and 1 "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 Penguin Solutions Inc is $77.50, about 21.7% above its last closing price of $60.71
This summary was machine generated from LSEG data October 6 at 09:01 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 |
Aug. 31 2026 | 0.78 | 1.00 | Beat |
May. 31 2026 | 0.54 | 0.84 | Beat |
Feb. 28 2026 | 0.42 | 0.52 | Beat |
Nov. 30 2025 | 0.44 | 0.49 | Beat |