Impinj (PI) Q4 Earnings: What To Expect

Kayode Omotosho /
2024/02/07 2:01 am EST

RFID manufacturer Impinj (NASDAQ:PI) will be reporting earnings tomorrow after market close. Here's what investors should know.

Last quarter Impinj reported revenues of $65.01 million, down 4.8% year on year, in line with analyst expectations. It was a decent quarter for the company, with revenue beating estimates by a small magnitude, though EPS blew past analysts' expectations. Looking ahead, next quarter's revenue guidance was raised and came in higher than Wall Street's estimates.

Is Impinj buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Impinj's revenue to decline 9.1% year on year to $69.63 million, a deceleration on the 45.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.

Impinj Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing 3 upwards revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.9%.

Looking at Impinj's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Himax's revenues decreased 13.2% year on year, beating analyst estimates by 0.4% and MACOM reported revenue decline of 12.7% year on year, exceeding estimates by 2.9%. MACOM was up 4.3% on the results, and Himax was flat on the results.

Read our full analysis of Himax's results here and MACOM's results here.

There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 2.8% over the last month. Impinj is up 27.9% during the same time, and is heading into the earnings with analyst price target of $101.1, compared to share price of $107.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.