Perion Network (PERI) Set to Announce Quarterly Earnings on Wednesday

Perion Network (NASDAQ:PERI) will be announcing 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.Parties interested in registering for the company’s conference call can do so using this link.

Perion Network (NASDAQ:PERI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.04 EPS for the quarter, beating 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 the consensus estimate of $233.09 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue 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 Trading Up 0.2 %

NASDAQ PERI opened at $12.86 on Monday. The company has a market cap of $617.15 million, a P/E ratio of 5.50, a PEG ratio of 0.40 and a beta of 1.37. The company has a fifty day simple moving average of $18.26 and a 200 day simple moving average of $24.56. Perion Network has a 12-month low of $10.77 and a 12-month high of $36.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PERI. StockNews.com cut shares of Perion Network from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Roth Mkm restated a “neutral” rating and set a $13.00 price objective (down from $35.00) on shares of Perion Network in a research note on Tuesday, April 9th. Roth Capital lowered shares of Perion Network from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 9th. Lake Street Capital restated a “hold” rating and set a $16.00 price target on shares of Perion Network in a report on Monday, April 8th. Finally, Needham & Company LLC decreased their price objective on shares of Perion Network from $35.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Perion Network has a consensus rating of “Hold” and an average target price of $25.80.

About Perion Network

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.