• Penguin Solutions Inc PENG.OQ reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of seven analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 49 cents to 63 cents per share.

• Revenue rose 47.6% to $478.71 million from a year ago; analysts expected $405.53 million.

• Penguin Solutions Inc's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $44.69 million.

• Penguin Solutions Inc shares had fallen by 10.9% this quarter and gained 246.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Penguin Solutions Inc is $60.00, about 12.8% below its last closing price of $67.71

This summary was machine generated from LSEG data July 7 at 09:03 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)