Brokerages Expect Perion Network Ltd (NASDAQ:PERI) Will Post Earnings of $0.03 Per Share

Wall Street analysts expect Perion Network Ltd (NASDAQ:PERI) to announce $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Perion Network’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.02. Perion Network reported earnings per share of $0.18 during the same quarter last year, which would suggest a negative year-over-year growth rate of 83.3%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, August 7th.

According to Zacks, analysts expect that Perion Network will report full-year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.38. For the next financial year, analysts forecast that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.32 to $0.57. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Perion Network.

Perion Network (NASDAQ:PERI) last announced its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Perion Network had a net margin of 3.78% and a return on equity of 8.90%. The firm had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million.

A number of analysts recently issued reports on PERI shares. TheStreet lowered shares of Perion Network from a “c” rating to a “d+” rating in a research report on Wednesday, July 17th. ValuEngine lowered shares of Perion Network from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Lake Street Capital began coverage on shares of Perion Network in a report on Monday, July 8th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Perion Network from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Perion Network presently has a consensus rating of “Hold” and an average price target of $5.42.

NASDAQ PERI traded up $0.27 during mid-day trading on Friday, reaching $4.52. 8,281 shares of the stock were exchanged, compared to its average volume of 275,564. Perion Network has a 1-year low of $2.47 and a 1-year high of $4.72. The firm’s fifty day simple moving average is $3.64. The firm has a market capitalization of $119.69 million, a PE ratio of 14.52, a PEG ratio of 2.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.21.

Institutional investors and hedge funds have recently made changes to their positions in the business. Meitav Dash Investments Ltd. boosted its holdings in shares of Perion Network by 30.3% in the 1st quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock valued at $47,000 after purchasing an additional 4,000 shares during the last quarter. Wells Fargo & Company MN acquired a new position in shares of Perion Network in the 2nd quarter valued at $58,000. Jane Street Group LLC boosted its holdings in shares of Perion Network by 30.4% in the 4th quarter. Jane Street Group LLC now owns 47,182 shares of the technology company’s stock valued at $123,000 after purchasing an additional 10,991 shares during the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in shares of Perion Network in the 2nd quarter valued at $316,000. Institutional investors own 10.38% of the company’s stock.

Perion Network Company Profile

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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Earnings History and Estimates for Perion Network (NASDAQ:PERI)

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