From NASDAQ: 2024-05-03 17:50:11

Perimeter Solutions, SA (PRM) closed at $7.09, remaining unchanged from the previous day, while the S&P 500 gained 1.26%, the Dow increased by 1.18%, and the Nasdaq rose by 1.99%. The company’s stock had dropped by 6.71% over the past month, lagging behind the sector and S&P 500 losses.

Investors are eagerly anticipating the upcoming earnings report of Perimeter Solutions, SA on May 9, 2024. Analysts predict an EPS of -$0.15, a 200% decline from the previous year, with revenue expected to reach $55 million, reflecting a 25.4% growth. Zacks Consensus Estimates forecast earnings of $0.29 per share and revenue of $462.5 million for the full year.

Recent analyst estimate revisions suggest a positive outlook for Perimeter Solutions, SA’s future performance, which tends to impact stock prices. The Zacks Rank system, currently ranking the company as a #1 (Strong Buy), has a history of delivering superior returns, with +25% annual return for #1 stocks. The Zacks Consensus EPS estimate for the company recently increased by 7.41%.

Perimeter Solutions, SA currently has a Forward P/E ratio of 24.45, indicating a premium compared to the industry average of 17.96. The company operates in the Chemical – Specialty industry, part of the Basic Materials sector, which is ranked 49 out of over 250 industries. Strong industry performance is often linked to positive stock trends.

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Read more at NASDAQ: Perimeter Solutions, SA (PRM) Flat As Market Gains: What You Should Know