Penguin Solutions Inc reports results for the quarter ended November 30 - Earnings Summary

• Penguin Solutions Inc PENG.OQ reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of seven analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 35 cents to 43 cents per share.

• Revenue rose 24.4% to $341.10 million from a year ago; analysts expected $320.66 million.

• Penguin Solutions Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $5.22 million.

• Penguin Solutions Inc shares had risen by 3.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Penguin Solutions Inc is $25.00

This summary was machine generated from LSEG data January 8 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)