Perion Network (PERI) to Release Quarterly Earnings on Wednesday

Perion Network (NASDAQ:PERI) will 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 that wish to register for the company’s conference call can do so using this link.

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

PERI opened at $12.86 on Tuesday. The stock has a market capitalization of $617.15 million, a P/E ratio of 5.50, a P/E/G ratio of 0.40 and a beta of 1.37. The company’s 50-day simple moving average is $18.07 and its two-hundred day simple moving average is $24.46. Perion Network has a 52-week low of $10.77 and a 52-week high of $36.86.

Analyst Ratings Changes

PERI has been the topic of several research analyst reports. Roth Mkm restated a “neutral” rating and set a $13.00 target price (down previously from $35.00) on shares of Perion Network in a research note on Tuesday, April 9th. StockNews.com raised shares of Perion Network from a “hold” rating to a “buy” rating in a research report on Monday. Roth Capital lowered shares of Perion Network from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 9th. Needham & Company LLC reduced their price target on shares of Perion Network from $35.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $16.00 price target on shares of Perion Network in a research report on Monday, April 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.