IMPINJ (PI) Updates Q1 Earnings Guidance

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IMPINJ (NASDAQ:PI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of (0.29-0.22) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.16). The company issued revenue guidance of $30-32 million, compared to the consensus revenue estimate of $30.88 million.IMPINJ also updated its Q1 2019 guidance to $-0.29–0.22 EPS.

PI stock traded up $1.57 during midday trading on Wednesday, reaching $19.41. The company had a trading volume of 645,474 shares, compared to its average volume of 240,698. The company has a quick ratio of 3.34, a current ratio of 5.49 and a debt-to-equity ratio of 0.20. IMPINJ has a fifty-two week low of $11.57 and a fifty-two week high of $28.48. The company has a market cap of $383.03 million, a P/E ratio of -66.93 and a beta of 2.24.

IMPINJ (NASDAQ:PI) last released its quarterly earnings results on Wednesday, February 20th. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The company had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $32.00 million. IMPINJ had a negative return on equity of 20.18% and a negative net margin of 33.58%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.28) earnings per share. Analysts expect that IMPINJ will post -1.1 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised IMPINJ from a sell rating to a hold rating in a report on Thursday, February 7th. Zacks Investment Research cut IMPINJ from a buy rating to a hold rating in a report on Wednesday, February 6th. Finally, ValuEngine raised IMPINJ from a hold rating to a buy rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. IMPINJ presently has a consensus rating of Buy and a consensus target price of $21.67.

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IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

See Also: Intrinsic Value and Stock Selection

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