Penumbra, Inc. (PEN) Tops Q1 EPS by 18c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus

Penumbra, Inc. (NYSE: PEN) reported Q1 EPS of $0.27, $0.18 better than the analyst estimate of $0.09. Revenue for the quarter came in at $169.2 million versus the consensus estimate of $152.7 million.

• Revenue of $169.2 million in the first quarter of 2021, an increase of 23.2%, or 21.5% in constant currency1, compared to the first quarter of 2020.

GUIDANCE:

Penumbra, Inc. sees FY2021 revenue of $695-705 million, versus the consensus of $681.51 million.

• Updated Full Year 2021 Financial Outlook
  • The Company is increasing its guidance for 2021 total revenue to be in the range of $695 million to $705 million, which represents growth of 24% to 26% over 2020 revenue of $560.4 million. This new range compares to the previous range of $675 million to $685 million.

For earnings history and earnings-related data on Penumbra, Inc. (PEN) click here.

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