-$0.27 Earnings Per Share Expected for IMPINJ Inc (NASDAQ:PI) This Quarter

Analysts predict that IMPINJ Inc (NASDAQ:PI) will post earnings of ($0.27) per share for the current quarter, according to Zacks. Two analysts have made estimates for IMPINJ’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.33). IMPINJ reported earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 1,000%. The company is expected to issue its next quarterly earnings report on Monday, August 3rd.

On average, analysts expect that IMPINJ will report full-year earnings of ($0.51) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.21). For the next financial year, analysts expect that the company will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.50) to $0.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover IMPINJ.

IMPINJ (NASDAQ:PI) last issued its earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.45. IMPINJ had a negative net margin of 12.08% and a negative return on equity of 5.98%. The business had revenue of $47.80 million for the quarter, compared to the consensus estimate of $38.37 million. During the same period in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year.

PI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of IMPINJ from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley boosted their price target on IMPINJ from $21.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 16th. Needham & Company LLC raised their price objective on IMPINJ from $19.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 target price on shares of IMPINJ in a report on Wednesday, June 10th. Finally, Royal Bank of Canada cut their price objective on shares of IMPINJ from $36.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. IMPINJ presently has a consensus rating of “Buy” and an average price target of $32.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Company LLC purchased a new stake in IMPINJ in the 1st quarter valued at $25,000. Great West Life Assurance Co. Can acquired a new position in shares of IMPINJ during the 4th quarter valued at about $29,000. Bank of Montreal Can grew its holdings in shares of IMPINJ by 57.1% in the fourth quarter. Bank of Montreal Can now owns 2,253 shares of the company’s stock valued at $58,000 after purchasing an additional 819 shares during the period. Advisor Group Holdings Inc. purchased a new stake in shares of IMPINJ in the first quarter valued at about $62,000. Finally, NumerixS Investment Technologies Inc increased its position in IMPINJ by 166.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the company’s stock worth $83,000 after purchasing an additional 2,000 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of PI stock opened at $25.69 on Wednesday. The company has a current ratio of 9.20, a quick ratio of 7.59 and a debt-to-equity ratio of 0.54. IMPINJ has a twelve month low of $11.47 and a twelve month high of $40.24. The stock has a fifty day simple moving average of $26.09 and a two-hundred day simple moving average of $25.47.

IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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