Analysts Expect Perficient, Inc. (NASDAQ:PRFT) Will Announce Earnings of $0.95 Per Share

Wall Street analysts expect Perficient, Inc. (NASDAQ:PRFTGet Rating) to report earnings of $0.95 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Perficient’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.94. Perficient posted earnings of $0.75 per share in the same quarter last year, which would suggest a positive year over year growth rate of 26.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Perficient will report full-year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.26 to $4.30. For the next fiscal year, analysts forecast that the company will report earnings of $4.99 per share, with EPS estimates ranging from $4.92 to $5.14. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Perficient.

Perficient (NASDAQ:PRFTGet Rating) last issued its earnings results on Thursday, February 24th. The digital transformation consultancy reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $214.73 million for the quarter, compared to the consensus estimate of $207.17 million. Perficient had a return on equity of 24.49% and a net margin of 6.84%. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share.

Several equities research analysts recently commented on PRFT shares. Barrington Research cut their price target on Perficient from $150.00 to $124.00 in a report on Friday, February 25th. Alliance Global Partners lowered their price target on Perficient from $138.00 to $122.00 in a research report on Monday, February 28th. TheStreet cut Perficient from a “b” rating to a “c+” rating in a research note on Thursday, February 24th. Needham & Company LLC reduced their price objective on Perficient from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Finally, Zacks Investment Research cut Perficient from a “buy” rating to a “hold” rating in a research note on Saturday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $133.50.

In related news, Director Gary Wimberly acquired 399 shares of the stock in a transaction dated Monday, February 28th. The stock was bought at an average cost of $100.00 per share, with a total value of $39,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new position in Perficient in the fourth quarter worth about $26,000. Point72 Hong Kong Ltd grew its position in Perficient by 1,971.4% in the fourth quarter. Point72 Hong Kong Ltd now owns 290 shares of the digital transformation consultancy’s stock worth $37,000 after buying an additional 276 shares during the last quarter. Covestor Ltd acquired a new position in Perficient in the fourth quarter worth approximately $46,000. Rockefeller Capital Management L.P. grew its position in Perficient by 924.5% in the third quarter. Rockefeller Capital Management L.P. now owns 543 shares of the digital transformation consultancy’s stock worth $62,000 after buying an additional 490 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Perficient by 890.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 545 shares of the digital transformation consultancy’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

Shares of Perficient stock traded up $3.13 during mid-day trading on Wednesday, reaching $111.00. 206,381 shares of the stock traded hands, compared to its average volume of 289,719. The business has a 50-day moving average of $105.26 and a 200 day moving average of $117.76. Perficient has a fifty-two week low of $62.33 and a fifty-two week high of $153.28. The stock has a market capitalization of $3.84 billion, a PE ratio of 73.51, a PEG ratio of 1.59 and a beta of 1.51. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.89.

Perficient Company Profile (Get Rating)

Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolio.

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