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

Penumbra

02/11/2023 21:57

* Penumbra Inc  PEN.N  reported quarterly adjusted earnings
of 67
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 40 cents to 53 cents per share.
    * Revenue rose 26.8% to $270.95 million from a year ago;
analysts
expected $265.26 million. 
    * Penumbra Inc's reported EPS for the quarter was 23 cents​.
    * The company reported quarterly net income of $9.21
million.
    * Penumbra Inc shares had fallen by 19.8% this quarter and
lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 12 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Penumbra Inc is
$317.50 
This summary was machine generated from LSEG data November 2 at
09:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.45           0.67           Beat
 Jun. 30 2023      0.28           0.43           Beat
 Mar. 31 2023      0.11           0.23           Beat
 Dec. 31 2022      0.15           0.16           Beat