Earnings Breakdown: Penguin Solutions Q1

The earnings results for Penguin Solutions PENG for Q1 were made public on Wednesday, January 8, 2025 at 04:05 PM.

Here's a comprehensive overview of the announcement.

Penguin Solutions beat estimated earnings by 26.0%, reporting an EPS of $0.49 versus an estimate of $0.39.

Revenue was up $66.86 million from the same period last year.

In the previous quarter, the company missed on EPS by $0.03, resulting in a 23.0% drop change in the share price the following day.

Here's a look at Penguin Solutions's past performance:

Quarter	Q4 2024	Q3 2024	Q2 2024	Q1 2024
EPS Estimate	0.40	0.30	0.25	0.16
EPS Actual	0.37	0.37	0.27	0.24
Revenue Estimate	325.00M	300.00M	283.79M	275.00M
Revenue Actual	311.15M	300.58M	284.82M	274.25M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Penguin Solutions management provided guidance for FY 2025, expecting earnings between $1.3 and $1.7 per share.

To track all earnings releases for Penguin Solutions visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar