Impinj (PI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.21 per share a year ago.
Considering the ongoing geopolitical risks, excess market capacity and bearish signal from a key technical indicator, it is prudent to sell PI stock for now.
Impinj, Inc. (NASDAQ:PI ) Q4 2024 Results Conference Call February 5, 2025 5:00 PM ET Company Participants Tracy Moran - Senior Investor Relations Manager Chris Diorio - Co-Founder and Chief Executive Officer Cary Baker - Chief Financial Officer Andy Cobb - Vice President, Strategic Finance Hussein Mecklai - Chief Operating Officer Conference Call Participants Blayne Curtis - Jefferies Harsh Kumar - Piper Sandler Jim Ricchiuti - Needham & Company Troy Jensen - Cantor Fitzgerald Christopher Rolland - Susquehanna Scott Searle - ROTH Capital Operator Welcome to Impinj's Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast. All participants will be in a listen-only mode.
Impinj (PI) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.09 per share a year ago.
Impinj (PI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Impinj (PI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Impinj (PI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
While PI's long-term prospects seem bright considering the growing use cases of its RFID technology in emerging fields, its premium valuation warrants a caution.
Impinj (PI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
SEZL, PI and ZIM are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
PI's shares rise on strong demand for RFID solutions, expanded customer base and new market opportunities.