Penguin Solutions jumps after raising FY revenue forecast as Q4 results beat
PENG•Penguin Solutions shares rose 6.3% premarket after the company raised its FY27 net sales outlook to about $2.43 billion at the midpoint and reported Q4 revenue of $566.7 million and adjusted EPS of $1, both above analysts’ estimates.
1. Raised outlook and results
Penguin Solutions expects FY27 revenue growth of 40%, plus or minus 10%, and adjusted EPS of $4.45, plus or minus 70 cents. The EPS outlook compares with analysts’ consensus forecast of $3.38. All seven brokerages covering the stock rate it “buy” or higher, with a median price target of $82.50.
