Impinj Q2 Earnings: Riding A Pricey Wave
Impinj's Q2 2024 results caused a 6% premarket share increase. Concerns over 54x EBITDA valuation and slowing growth impact future outlook.
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Impinj, Inc. · NASDAQ · Technology
Price$159.25-4.19% · −$6.97
Market cap4.87BEquity value
P / E78.8Trailing ratio
Volume7.27MLatest session
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Impinj (PI) Tops Q2 Earnings and Revenue Estimates
Impinj reported earnings of $0.83 per share, exceeding estimates. Revenue reached $102.5 million, beating consensus by 5.09%. The stock has increased 79.4% this year compared to the S&P 500's 16.5%. Current consensus EPS estimate for next quarter is $0.42. Zacks Rank for Impinj is #3, indicating a hold situation.
View signal analysisImpinj (PI) Tops Q1 Earnings and Revenue Estimates
- Impinj reported Q1 earnings of $0.21/share, beating estimates by 110%. - Revenues for Q1 were $76.83 million, surpassing estimates by 4.43%. - Impinj shares have gained 37.4% YTD, outperforming the S&P 500. - Earnings estimate revisions for Impinj are mixed, with a Zacks Rank #3 (Hold). - Industry outlook and estimate revisions may impact Impinj's future performance. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
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