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Penguin Solutions, Inc. (PENG) Q1 Earnings and Revenues Surpass Estimates
PENGPenguin Solutions, Inc.(PENG) ZACKS·2025-01-08 23:21

Core Viewpoint - Penguin Solutions, Inc. reported quarterly earnings of 0.49pershare,exceedingtheZacksConsensusEstimateof0.49 per share, exceeding the Zacks Consensus Estimate of 0.40 per share, and showing significant growth from 0.24pershareayearago,indicatingastrongperformanceintherecentquarter[1][2]FinancialPerformance−Thecompanyachievedrevenuesof0.24 per share a year ago, indicating a strong performance in the recent quarter [1][2] Financial Performance - The company achieved revenues of 341.1 million for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 7.60% and increasing from 274.25millionyear−over−year[2]−Overthelastfourquarters,PenguinSolutionshasexceededconsensusEPSestimatesthreetimesandtoppedrevenueestimatestwice[2]StockPerformance−Sincethebeginningoftheyear,PenguinSolutions′shareshaveincreasedbyapproximately3.4274.25 million year-over-year [2] - Over the last four quarters, Penguin Solutions has exceeded consensus EPS estimates three times and topped revenue estimates twice [2] Stock Performance - Since the beginning of the year, Penguin Solutions' shares have increased by approximately 3.4%, outperforming the S&P 500, which gained 0.5% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at 0.35 for the upcoming quarter and $1.55 for the current fiscal year [4][7] - The estimate revisions trend for Penguin Solutions is mixed, currently resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] Industry Context - The Internet - Software industry, to which Penguin Solutions belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable environment for stock performance [8]