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.
Impinj NASDAQ: PI is a mid-cap chip stock that has quietly had a great year in 2024. The stock has returned over 93%, placing it among the top five best returning semiconductor stocks in the United States.
Impinj Inc. is experiencing growth acceleration, driven by strong demand for its Endpoint IC products and expanding gross margins, confirming a new growth cycle. The latest earnings report shows a 46% y/y revenue increase, with significant growth in the Endpoint IC segment and improved EBITDA margins. Despite solid fundamentals and growth momentum, the current valuation has priced in near-term upside.
Impinj delivers solid Q3 results, driven by strong demand. Weak future guidance raises concerns.
Impinj, Inc. (NASDAQ:PI ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Andy Cobb - Vice President of Strategic Finance Chris Diorio - Co-Founder and Chief Executive Officer Cary Baker - Chief Financial Officer Hussein Mecklai - Chief Operating Officer Conference Call Participants Jim Ricchiuti - Needham & Company Harsh Kumar - Piper Sandler Troy Jensen - Cantor Fitzgerald Christopher Rolland - Susquehanna Guy Hardwick - Freedom Capital Markets Scott Searle - ROTH Capital Mark Lipacis - Evercore Operator Welcome to the Impinj Third Quarter 2024 Financial Results Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
Impinj (PI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to break-even earnings per share a year ago.
Tracking-chip maker Impinj handily beat analyst estimates for the third quarter and with its guidance for the current period. PI stock jumped.