Summary:
- Penguin Solutions, Inc. (PENG, Financial) reports a robust Q3 with a 7.9% revenue increase.
- The company revises its full-year earnings outlook upwards to $1.80 per share.
- Analysts predict a potential upside of over 52% for PENG stocks.
Penguin Solutions, Inc. (PENG) has announced a successful third quarter, with revenues bolstering by 7.9% to reach $324 million compared to the prior year. The company's financial performance highlights a significant 25% surge in non-GAAP diluted earnings per share, now at $0.47. Encouraged by these results, Penguin Solutions has adjusted its full-year earnings per share outlook upwards, pinpointing the midpoint estimate at $1.80.
Wall Street Analysts Forecast
According to projections by four Wall Street analysts, the average price target for Penguin Solutions, Inc. (PENG, Financial) is pegged at $32.25, with the highest target reaching $35.00 and the lowest at $27.00. This average target indicates a potential upside of 52.19% from the current share price of $21.19. Investors can explore more in-depth estimate details on the Penguin Solutions Inc (PENG) Forecast page.
The consensus from four brokerage firms positions Penguin Solutions Inc's (PENG, Financial) average recommendation at 1.8, signaling an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 denotes a Sell.
Furthermore, based on GuruFocus estimates, the projected GF Value for Penguin Solutions Inc (PENG, Financial) in one year is estimated at $22.97. This suggests a plausible upside of 8.4% from the current price of $21.19. The GF Value represents GuruFocus' calculated estimate of fair trading value, accounting for historical trading multiples and anticipated business growth. For more comprehensive data, visit the Penguin Solutions Inc (PENG) Summary page.
