Perficient Inc reports results for the quarter ended in March - Earnings Summary

Perficient

06/05/2024 14:31

* Perficient Inc  PRFT.OQ  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.04.  The mean expectation of nine analysts for the quarter
was for earnings of 77 cents per share. Wall Street expected
results to range from 76 cents to 81 cents per share.
    * Revenue fell 7% to $215.30 million from a year ago;
analysts
expected $215.69 million. 
    * Perficient Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $11.56
million.
    * Perficient Inc shares had fallen by 14.5% this quarter and
lost 26.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.8%
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 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Perficient Inc is
$76.00 
This summary was machine generated from LSEG data May 6 at 01:31
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
 Mar. 31 2024      0.77           0.77           Met
 Dec. 31 2023      1.01           0.99           Missed
 Sep. 30 2023      0.92           0.92           Met
 Jun. 30 2023      1.11           1.00           Missed