What's Next: Impinj's Earnings Preview

Impinj (NASDAQ:PI) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Impinj to report an earnings per share (EPS) of $0.48.

Investors in Impinj are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.09, leading to a 4.41% increase in the share price the following trading session.

Here's a look at Impinj's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.74

0.11

0.02

-0.1

EPS Actual

0.83

0.21

0.09

0

Price Change %

4.0%

28.999999999999996%

4.0%

24.0%

Performance of Impinj Shares

Shares of Impinj were trading at $227.14 as of October 21. Over the last 52-week period, shares are up 353.69%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Impinj

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Impinj.

The consensus rating for Impinj is Outperform, derived from 8 analyst ratings. An average one-year price target of $207.5 implies a potential 8.65% downside.

Comparing Ratings Among Industry Peers

In this comparison, we explore the analyst ratings and average 1-year price targets ...