Reuters
2024.07.27 00:11
portai
I'm PortAI, I can summarize articles.

Penumbra Incexpected to post earnings of 56 cents a share - Earnings Preview

Penumbra Inc is expected to report a 14.1% increase in quarterly revenue to $298.36 million. The mean earnings estimate is 56 cents per share. The average analyst rating is "buy" with a median 12-month price target of $254.50.

  • Penumbra Inc (PEN.N) (PEN) is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024

  • The Alameda California-based company is expected to report a 14.1% increase in revenue to $298.36 million from $261.5 million a year ago, according to the mean estimate from 15 analysts, based on LSEG data.

  • ​LSEG’s mean analyst estimate for Penumbra Inc is for earnings of 56 cents per share.

  • The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 12 “strong buy” or “buy,” 5 “hold” and no “sell” or “strong sell.”

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street’s median 12-month price target for Penumbra Inc is $254.50​, above​ its last closing price of $178.43. ​​​ Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Mar. 31 2024 0.37 0.38 0.41 Beat 8.4

Dec. 31 2024 0.72 0.70 0.76 Beat 8.6

Sep. 30 2023 0.45 0.45 0.67 Beat 47.3​

Jun. 30 2023 0.28 0.28 0.43 Beat 54.3

​​Mar. 0.11 0.11 0.23 Beat 111.2

31 2023

Dec. 31 2022 0.15 0.15 0.16 Beat 9.8​

Sep. 30 2022 0.00 0.01 0.01 Met 19.6

Jun. 30 2022 -0.03 -0.03 0.01 Beat 131.4

This summary was machine generated July 27 at 00:10 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)