Perion Network (PERI) Set to Announce Earnings on Wednesday

Perion Network (NASDAQ:PERI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Perion Network to post earnings of $0.54 per share for the quarter. Perion Network has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Perion Network had a return on equity of 23.06% and a net margin of 15.80%. The company had revenue of $234.23 million during the quarter, compared to analysts’ expectations of $233.09 million. During the same quarter in the previous year, the business earned $0.84 EPS. Perion Network’s revenue was up 11.7% compared to the same quarter last year. 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 Up 0.2 %

PERI stock opened at $12.86 on Monday. Perion Network has a twelve month low of $10.77 and a twelve month high of $36.86. The firm has a market cap 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 business’s fifty day simple moving average is $18.26 and its two-hundred day simple moving average is $24.56.

Analyst Upgrades and Downgrades

Several research firms recently commented on PERI. Roth Capital downgraded shares of Perion Network from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 9th. StockNews.com lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Needham & Company LLC lowered their price target on Perion Network from $35.00 to $18.00 and set a “buy” rating for the company in a report on Monday, April 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 report on Tuesday, April 9th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $16.00 target price on shares of Perion Network in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Perion Network presently has an average rating of “Hold” and an average 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.