Perion Network (PERI) to Release Earnings on Wednesday

Perion Network (NASDAQ:PERI) is scheduled to be issuing its quarterly earnings data 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 issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $234.23 million for the quarter, compared to analyst estimates of $233.09 million. Perion Network had a net margin of 15.80% and a return on equity of 23.06%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. 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 $12.59 on Wednesday. The firm has a market cap of $604.19 million, a PE ratio of 5.38, a PEG ratio of 0.37 and a beta of 1.24. The firm’s 50 day moving average price is $19.08 and its 200 day moving average price is $24.95. Perion Network has a twelve month low of $10.77 and a twelve month high of $38.02.

Wall Street Analysts Forecast Growth

PERI has been the topic of several recent research reports. Roth Mkm reaffirmed a “neutral” rating and set a $13.00 price objective (down previously from $35.00) on shares of Perion Network in a research report on Tuesday, April 9th. Lake Street Capital reissued a “hold” rating and issued a $16.00 price target on shares of Perion Network in a research report on Monday, April 8th. Needham & Company LLC dropped their price target on shares of Perion Network from $35.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Roth Capital lowered shares of Perion Network from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently 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 provides 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.