Perion Network Ltd. (NASDAQ:PERI) Expected to Post Earnings of $0.41 Per Share

Equities analysts forecast that Perion Network Ltd. (NASDAQ:PERI – Get Rating) will announce earnings of $0.41 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Perion Network’s earnings, with estimates ranging from $0.40 to $0.42. Perion Network reported earnings of $0.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 115.8%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Perion Network will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.79. For the next fiscal year, analysts anticipate that the company will post earnings of $1.93 per share, with EPS estimates ranging from $1.87 to $1.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Perion Network.

Perion Network (NASDAQ:PERI – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. The firm had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $122.02 million. Perion Network had a net margin of 9.90% and a return on equity of 13.67%. Perion Network’s revenue was up 39.5% on a year-over-year basis.

PERI has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Perion Network in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Perion Network from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Friday, May 6th. Oppenheimer decreased their price target on shares of Perion Network from $35.00 to $30.00 in a research note on Thursday, February 10th. Finally, Raymond James decreased their price target on shares of Perion Network from $31.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, February 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $30.00.

Shares of NASDAQ PERI opened at $18.11 on Thursday. The stock has a market cap of $791.35 million, a price-to-earnings ratio of 14.60, a PEG ratio of 0.50 and a beta of 1.28. Perion Network has a 52 week low of $13.75 and a 52 week high of $33.09. The company’s 50-day moving average price is $22.30 and its 200 day moving average price is $23.04.

Several institutional investors and hedge funds have recently bought and sold shares of PERI. Covestor Ltd purchased a new stake in shares of Perion Network during the fourth quarter valued at approximately $49,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Perion Network during the fourth quarter valued at approximately $72,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Perion Network during the fourth quarter valued at approximately $72,000. Northern Trust Corp purchased a new stake in shares of Perion Network during the fourth quarter valued at approximately $104,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in shares of Perion Network during the fourth quarter valued at approximately $107,000. Institutional investors own 46.52% of the company’s stock.

Perion Network Company Profile (Get Rating)

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides 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.

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