Perion Network Ltd (NASDAQ: PERI) has reported E.P.S. of $0.24 for its first fiscal quarter (ending March 31) versus $0.51 for the same period a year ago — a decline of -53%. This performance was $-0.05 short of the consensus estimate of $0.29. E.P.S. were $2.22 for the latest four quarters through March 31 versus $2.36 for the same period a year ago — a decline of -6%.
Recent Price Action
On 5/8/24, Perion Network Ltd (NASDAQ: PERI) stock declined slightly by -0.5%, closing at $12.65. Moreover, above average trading volume at 127% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PERI is expected to continue to be a modest Value Builder.
Perion Network has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Perion Network has a good Appreciation Score of 84 but a very low Power Rating of 3, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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