We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Perion (PERI) to Report Q4 Earnings: What's in the Offing?
Read MoreHide Full Article
Perion Network (PERI - Free Report) is set to report fourth-quarter fiscal 2020 results on Feb 9.
For the quarter, the company projects revenues between $110 million and $115 million. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $111.8 million, indicating growth of 42.9% from the figure reported in the year-ago quarter.
The consensus mark for fourth-quarter earnings has been revised downward by 5 cents per share over the past 30 days to 18 cents. The estimate suggests a year-over-year fall of 18.2%.
Notably, the company beat the Zacks Consensus Estimate in all of the trailing four quarters, the average surprise being 102.1%.
Let’s see how things have shaped up prior to the upcoming announcement.
Perion’s fourth-quarter performance is likely to have benefited from significant momentum in the advertising business and synergies from the acquisitions completed by the company in 2020.
Resurgence in advertising spending has renewed traction in the digital advertising market, which is anticipated to have fueled top-line growth during the to-be-reported quarter.
Moreover, strong customer acceptance of Connected television (CTV), Full-Funnel solution and video offerings is likely to have to been a major growth driver. Notably, the company added 20 new CTV customers in the quarter under review, taking the total CTV customers to 64.
Apart from this, the company renewed its strategic partnership with Microsoft (MSFT - Free Report) for four years. The deal is likely to have boosted publisher engagement on Perion’s search technology division, CodeFuel, thereby aiding growth in the search advertising business.
In addition, higher-than-anticipated synergies from the acquisitions of ContentIQ and Pub Ocean, which were concluded in 2020, are anticipated to have to have been conducive to overall revenue growth in the soon-to-be-reported quarter.
Notably, in the third quarter of 2020, Perion’s advertising revenues were $37.9 million, surging 75.8% year over year. This upswing was primarily driven by 200% revenue growth in CTV offering, along with solid contributions from the integration of ContentIQ and Pub Ocean.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Perion Network has an Earnings ESP of 0.00% and carries a Zacks Rank #2 currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Marvell Technology (MRVL - Free Report) has an Earnings ESP of +2.90% and carries a Zacks Rank of 2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Perion (PERI) to Report Q4 Earnings: What's in the Offing?
Perion Network (PERI - Free Report) is set to report fourth-quarter fiscal 2020 results on Feb 9.
For the quarter, the company projects revenues between $110 million and $115 million. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $111.8 million, indicating growth of 42.9% from the figure reported in the year-ago quarter.
The consensus mark for fourth-quarter earnings has been revised downward by 5 cents per share over the past 30 days to 18 cents. The estimate suggests a year-over-year fall of 18.2%.
Notably, the company beat the Zacks Consensus Estimate in all of the trailing four quarters, the average surprise being 102.1%.
Let’s see how things have shaped up prior to the upcoming announcement.
Perion Network Ltd Price and EPS Surprise
Perion Network Ltd price-eps-surprise | Perion Network Ltd Quote
Factors to Consider
Perion’s fourth-quarter performance is likely to have benefited from significant momentum in the advertising business and synergies from the acquisitions completed by the company in 2020.
Resurgence in advertising spending has renewed traction in the digital advertising market, which is anticipated to have fueled top-line growth during the to-be-reported quarter.
Moreover, strong customer acceptance of Connected television (CTV), Full-Funnel solution and video offerings is likely to have to been a major growth driver. Notably, the company added 20 new CTV customers in the quarter under review, taking the total CTV customers to 64.
Apart from this, the company renewed its strategic partnership with Microsoft (MSFT - Free Report) for four years. The deal is likely to have boosted publisher engagement on Perion’s search technology division, CodeFuel, thereby aiding growth in the search advertising business.
In addition, higher-than-anticipated synergies from the acquisitions of ContentIQ and Pub Ocean, which were concluded in 2020, are anticipated to have to have been conducive to overall revenue growth in the soon-to-be-reported quarter.
Notably, in the third quarter of 2020, Perion’s advertising revenues were $37.9 million, surging 75.8% year over year. This upswing was primarily driven by 200% revenue growth in CTV offering, along with solid contributions from the integration of ContentIQ and Pub Ocean.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Perion Network has an Earnings ESP of 0.00% and carries a Zacks Rank #2 currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Baidu (BIDU - Free Report) has an Earnings ESP of +3.85% and flaunts a Zack Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Marvell Technology (MRVL - Free Report) has an Earnings ESP of +2.90% and carries a Zacks Rank of 2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>