Zacks: Analysts predict Perion Network Ltd. (NASDAQ: PERI) to post EPS of $ 0.40

Wall Street analysts expect Perion Network Ltd. (NASDAQ: PERI) posts earnings per share of $ 0.40 for the current fiscal quarter, according to Zack. Three analysts made estimates for Perion Network’s earnings, with the lowest EPS estimate at $ 0.36 and the highest estimate at $ 0.43. Perion Network reported earnings of $ 0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The company is expected to release its next earnings report on Tuesday, February 8.

According to Zacks, analysts expect Perion Network to report annual profit of $ 0.97 per share for the current fiscal year, with EPS estimates ranging from $ 0.93 to $ 1.00. For the next fiscal year, analysts expect the company to report earnings of $ 1.02 per share, with EPS estimates ranging from $ 0.87 to $ 1.13. Zacks earnings per share averages are an average based on a survey of research companies that cover Perion Network.

Perion Network (NASDAQ: PERI) last released its quarterly results on Tuesday, October 26. The tech company reported EPS of $ 0.28 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.17 of $ 0.17. Perion Network recorded a return on equity of 12.37% and a net margin of 6.84%. The company posted revenue of $ 121.03 million for the quarter, compared to analysts’ expectations of $ 107.90 million. In the same quarter of the previous year, the company posted earnings per share of $ 0.08.

Several brokerage houses have recently weighed on PERI. Roth Capital increased its price target on Perion Network from $ 40.00 to $ 43.00 and gave the company a “buy” rating in a report released on Tuesday, October 26. Needham & Company LLC began covering Perion Network in a report on Thursday, December 16. They issued a “buy” note and a price target of $ 32.00 for the company. Zacks investment research downgraded Perion Network from a “keep” rating to a “sell” rating in a report released Thursday. Oppenheimer increased its price target on Perion Network from $ 30.00 to $ 35.00 and gave the company an “outperformance” rating in a report released on Tuesday, October 26. Finally, Raymond James began coverage on Perion Network in a report on Monday, December 13. They issued an “outperformance” rating and a price target of $ 31.00 for the company. One equity research analyst rated the stock with a sell rating, another assigned a conservation rating, and five assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $ 30.57.

(A d)

Whether you are looking to learn the basics of futures or are a seasoned veterinarian looking to hone your trading skills, our technical analysis guide has everything you need to be successful in today’s futures markets. hui!

NASDAQ: PERI opened for $ 21.49 on Friday. The stock has a market cap of $ 751.10 million, a price / earnings ratio of 24.99, a price / earnings-growth ratio of 0.99, and a beta of 1.33. Perion Network has a one-year minimum of $ 12.40 and a one-year maximum of $ 33.09. The company’s 50-day simple moving average is $ 24.95 and its 200-day simple moving average is $ 21.73.

Several large investors have recently bought and sold shares in the company. Sawtooth Solutions LLC increased its stake in Perion Network shares by 5.2% during the second quarter. Sawtooth Solutions LLC now owns 18,039 shares of the tech company valued at $ 386,000 after purchasing an additional 886 shares in the last quarter. Advisory Services Network LLC strengthened its position in Perion Network shares by 3.6% during the third quarter. Advisory Services Network LLC now owns 31,864 shares of the technology company valued at $ 552,000 after purchasing an additional 1,100 shares during the period. GSA Capital Partners LLP strengthened its position in Perion Network shares by 2.4% during the third quarter. GSA Capital Partners LLP now owns 50,703 shares of the technology company valued at $ 879,000 after purchasing an additional 1,185 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Perion Network by 11.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,788 shares of the tech company valued at $ 225,000 after purchasing an additional 1,310 shares during the period. Finally, Barclays PLC strengthened its position in Perion Network shares by 18.7% during the third quarter. Barclays PLC now owns 10,395 shares of the tech company valued at $ 180,000 after purchasing an additional 1,634 shares during the period. 45.03% of the shares are held by institutional investors.

Perion Network Company Profile

Perion Network Ltd. is a global technology company that provides advertising solutions to brands and publishers through innovative platforms. It is committed to delivering data-driven execution, high-impact, brand-finding ad formats and a unified social and mobile programmatic platform.

Further Reading: Trading Strategy Methods for Individual Investors

Get a Free Copy of Zacks’ Perion Network Research Report (PERI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Historical and Revenue Estimates for the Perion Network (NASDAQ: PERI)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in the Perion network now?

Before you consider Perion Network, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Perion Network was not on the list.

While Perion Network currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here