As Penguin Options PENG prepares to unveil its fiscal third-quarter outcomes on Tuesday, market watchers are bracing for a pivotal second that would form the corporate’s trajectory for the rest of the yr.
The corporate is prone to report its outcomes broadly in step with expectations, with a low-teens sequential decline in income, in response to Stifel.
The Penguin Options Analyst: Analyst Brian Chin reaffirmed a Purchase score and worth goal of $27.
The Penguin Options Thesis: The Superior Computing phase is anticipated to develop by greater than 20% in fiscal 2025, pushed by buyer and product enlargement in addition to the corporate’s “expanded go-to-market technique, Chin stated within the be aware.
Take a look at different analyst inventory scores.
“If additional upside had been to materialize, we suspect it may come from Built-in Reminiscence given power in pricing and indicators of some +demand inflection,” he wrote.
Penguin Options may report revenues of $325.0 million and earnings of 31 cents per share, versus a consensus of $328.1 million and 32 cents per share, respectively, the analyst acknowledged.
The corporate may venture top- and bottom-line of $345.0 million and 33 cents per share for the fiscal fourth quarter, versus present consensus of $339.0 million and 30 cents per share, respectively, he added.
PENG Worth Motion: Penguin Options shares had been up 1.05% at $21.09 on the time of publication Monday, in response to Benzinga Professional.
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