Impinj (PI) Gains But Lags Market: What You Should Know

In the last trading session, Impinj (PI) closed at USD 29.82, a move of + 0.34% compared to the previous day. This move fell short of the S&P 500's daily gain of 0.8%. Meanwhile, the Dow was up 0.43% and the Nasdaq, a tech-heavy index, was up 0.5%.
Wall Street will be looking for positive performance from PI as it nears its next earnings report. On that day, PI is expected to post earnings of $ 0.33 per share, a decrease of 466.67% year over year. The Zacks Consensus estimate for sales predicts net sales of $ 24.90 million, a decrease of 38.91% from the same period last year.
For the full year, our Zacks Consensus estimates project earnings per share of $ 0.69 and revenue of $ 127.50 million, a year-over-year change of -1825% and -16.58%, respectively.
It is also important to note the recent changes in analyst estimates for PI. These revisions help highlight the ever-changing nature of short-term business trends. With this in mind, we can view positive estimates as a sign of optimism about the company's business outlook.
Our research shows that these estimated changes correlate directly with short-term stock prices. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive, externally verified track record of outperformance, with the # 1 stocks posting average annual returns since 1988 of + 25% last month, Zack's Consensus EPS estimate stagnated. PI currently has a Zacks rank of # 3 (Hold).
The electronics - semiconductor industry is part of the computer and technology sector. This group has a Zacks industry rank of 163, which is below 36% of all over 250 industries.
The Zacks Industry Rank is ranked best to worst in terms of the average Zacks Rank for each company in each of these sectors. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Make sure you use zacks. Com to keep track of all these and other metrics related to stock movement in the upcoming trading sessions.

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