Impinj (NASDAQ:PI – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Impinj to post earnings of $0.47 per share for the quarter. Impinj has set its Q3 guidance at $0.46-0.50 EPS and its Q3 2024 guidance at 0.460-0.500 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Impinj (NASDAQ:PI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $102.50 million for the quarter, compared to analyst estimates of $97.47 million. Impinj had a net margin of 3.93% and a negative return on equity of 21.12%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Impinj Stock Up 4.0 %
Shares of PI stock opened at $227.14 on Tuesday. The company’s fifty day simple moving average is $192.29 and its 200-day simple moving average is $167.16. The firm has a market cap of $6.29 billion, a PE ratio of -648.97 and a beta of 1.80. Impinj has a 12 month low of $48.39 and a 12 month high of $239.88.
Insider Activity at Impinj
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Lake Street Capital boosted their price objective on shares of Impinj from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Piper Sandler restated an “overweight” rating and set a $225.00 target price (up from $180.00) on shares of Impinj in a report on Friday, September 27th. Susquehanna boosted their target price on shares of Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a report on Monday. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Evercore ISI boosted their target price on shares of Impinj from $172.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.10.
Check Out Our Latest Report on PI
About Impinj
Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.
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