Why Impinj (PI) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Impinj (PI) is positioned well to continue its trend of beating earnings estimates, making it a stock worth considering for investors [1]. Group 1: Earnings Performance - Impinj has a strong history of surpassing earnings estimates, averaging a 16.42% beat over the last two quarters [2]. - In the most recent quarter, Impinj reported earnings of $0.56 per share, exceeding the expected $0.47 per share by 19.15%. In the previous quarter, it reported $0.83 per share against an estimate of $0.73 per share, resulting in a 13.70% surprise [3]. Group 2: Earnings Estimates and Predictions - Estimates for Impinj have been trending higher, supported by its history of earnings surprises. The stock's positive Zacks Earnings ESP (Expected Surprise Prediction) indicates a strong likelihood of future earnings beats, especially with a solid Zacks Rank [4]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. Group 3: Current Earnings ESP and Outlook - Impinj currently has an Earnings ESP of +1.41%, indicating that analysts are optimistic about the company's earnings prospects. This positive ESP, combined with a Zacks Rank of 1 (Strong Buy), suggests that another earnings beat may be imminent [7]. - The next earnings report for Impinj is expected to be released on February 5, 2025 [7].