Penguin Solutions (NASDAQ:PENG) Issues FY 2027 Earnings Guidance

Key Points

• Penguin Solutions issued FY 2027 guidance for EPS of $3.75–$5.15 and revenue of $2.3–$2.6 billion, both above current analyst consensus estimates.
• The company recently beat quarterly expectations, reporting EPS of $1.00 versus the $0.77 consensus and revenue of $566.68 million versus estimates of $520.99 million.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and an average price target of $64.17, while several brokerages raised targets to $80–$85.

Penguin Solutions (NASDAQ:PENG - Get Free Report) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.750-5.15 for the period, compared to the consensus earnings per share estimate of 3.270. The company issued revenue guidance of $2.3 billion-$2.6 billion, compared to the consensus revenue estimate of $2.2 billion.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PENG. Rosenblatt Securities reaffirmed a "buy" rating and issued a $80.00 target price on shares of Penguin Solutions in a research note on Friday. Wall Street Zen cut shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 26th. Needham & Company LLC increased their price target on shares of Penguin Solutions from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Zacks Research cut shares of Penguin Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Finally, Citizens Jmp upped their target price on shares of Penguin Solutions from $65.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.17.

Penguin Solutions Price Performance

NASDAQ PENG traded up $3.50 on Tuesday, reaching $64.21. 14,327,844 shares of the company's stock traded hands, compared to its average volume of 2,335,094. The stock has a market cap of $3.29 billion, a PE ratio of 45.54 and a beta of 2.86. Penguin Solutions has a 12 month low of $16.04 and a 12 month high of $89.86. The stock has a 50-day simple moving average of $53.39 and a 200 day simple moving average of $49.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.10.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.23. The company had revenue of $566.68 million during the quarter, compared to analysts' expectations of $520.99 million. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, research analysts predict that Penguin Solutions will post 2.08 earnings per share for the current year.

Insider Transactions at Penguin Solutions

In other Penguin Solutions news, SVP Joseph Clark sold 1,327 shares of Penguin Solutions stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total value of $76,262.69. Following the transaction, the senior vice president directly owned 63,056 shares of the company's stock, valued at $3,623,828.32. The trade was a 2.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $50.58, for a total value of $202,320.00. Following the completion of the sale, the senior vice president owned 112,994 shares of the company's stock, valued at $5,715,236.52. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.90% of the company's stock.

About Penguin Solutions

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.

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