Core Viewpoint - Penumbra (PEN) is well-positioned to continue its earnings-beat streak, having surpassed earnings estimates consistently in recent quarters [1][5]. Earnings Performance - In the most recent quarter, Penumbra reported earnings of $0.97 per share, exceeding the expected $0.91 per share by 6.59% [2]. - For the previous quarter, the company reported $0.85 per share against an expectation of $0.69 per share, resulting in a surprise of 23.19% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Penumbra, with a positive Earnings ESP of +1.97%, indicating bullish sentiment among analysts regarding the company's earnings prospects [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [6][8]. Upcoming Earnings Report - The next earnings report for Penumbra is expected to be released on April 23, 2025 [8].
Why Penumbra (PEN) is Poised to Beat Earnings Estimates Again