Earnings Preview For Penumbra
Portfolio Pulse from Benzinga Insights
Penumbra (NYSE:PEN) is scheduled to release its quarterly earnings report on Thursday, 2024-02-22, with analysts expecting an EPS of $0.70. The company's past earnings performance shows a history of beating EPS estimates but mixed reactions in stock price changes post-announcement. Shares are currently trading at $268.61, down 2.01% over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for the next quarter.
February 21, 2024 | 8:01 pm
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Penumbra is expected to report an EPS of $0.70 for the latest quarter. Historical data shows mixed stock price reactions to past earnings announcements. Currently, shares are down 2.01% over the last year.
Given Penumbra's history of beating EPS estimates but experiencing mixed stock price reactions post-earnings, the short-term impact is uncertain. The stock's recent performance has been negative, which may temper expectations. However, positive guidance could provide a boost.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100