What's Next: Impinj's Earnings Preview
Portfolio Pulse from Benzinga Insights
Impinj (NASDAQ:PI) is set to release its quarterly earnings on October 23, 2024, with analysts expecting an EPS of $0.48. The company's past performance has shown positive surprises leading to stock price increases. Despite a consensus 'Outperform' rating, the average price target suggests a potential downside. Impinj's financial metrics show strong profitability but also highlight concerns about high debt levels.
October 22, 2024 | 5:02 pm
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Impinj is expected to announce its quarterly earnings with an anticipated EPS of $0.48. Past earnings have led to stock price increases when estimates were surpassed. The stock has an 'Outperform' rating, but the average price target indicates a potential downside, suggesting mixed market sentiment.
The upcoming earnings release is crucial for Impinj, as past earnings surprises have positively impacted stock prices. However, the current average price target suggests a potential downside, indicating mixed market sentiment. The 'Outperform' rating reflects positive expectations, but the high debt levels could be a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100