Earnings Outlook For Impinj
Portfolio Pulse from Benzinga Insights
Impinj (NASDAQ:PI) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts estimating an EPS of $0.02. The company's past performance shows a mixed impact on its stock price following earnings announcements, with a notable 23.87% increase after beating EPS estimates last quarter. Currently, shares are trading at $105.51, down 15.47% over the last 52 weeks. Investors are keenly awaiting the report and guidance for future growth.
February 07, 2024 | 4:02 pm
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Impinj is expected to report an EPS of $0.02 for the upcoming quarter. Last quarter's beat resulted in a 23.87% stock price increase. Shares are currently down 15.47% over the last year.
Given Impinj's history of stock price increases following earnings beats, especially the significant jump after last quarter's results, a positive earnings report could likely lead to a short-term increase in PI's stock price. However, the overall negative trend over the last year suggests investor caution.
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