Perion Network (PERI) to Release Quarterly Earnings on Wednesday

Perion Network (NASDAQ:PERI) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Perion Network has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. Perion Network had a return on equity of 23.06% and a net margin of 15.80%. The firm had revenue of $234.23 million during the quarter, compared to analysts’ expectations of $233.09 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect Perion Network to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Perion Network Stock Performance

Shares of PERI opened at $12.86 on Tuesday. Perion Network has a one year low of $10.77 and a one year high of $36.86. The stock has a market capitalization of $617.15 million, a price-to-earnings ratio of 5.50, a PEG ratio of 0.40 and a beta of 1.37. The stock has a 50 day moving average price of $18.07 and a 200 day moving average price of $24.46.

Wall Street Analysts Forecast Growth

PERI has been the topic of a number of recent research reports. Needham & Company LLC lowered their price objective on Perion Network from $35.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. StockNews.com raised Perion Network from a “hold” rating to a “buy” rating in a research note on Monday. Roth Capital lowered Perion Network from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 9th. Lake Street Capital reissued a “hold” rating and set a $16.00 price objective on shares of Perion Network in a research note on Monday, April 8th. Finally, Roth Mkm reissued a “neutral” rating and set a $13.00 price objective (down previously from $35.00) on shares of Perion Network in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.80.

Perion Network Company Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.