Expected Earnings Reports for Q1 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy PENG?
Source: NASDAQ.COM
- Penguin Solutions Earnings: Penguin Solutions, Inc. (PENG) is expected to report an earnings per share of $0.28 for the quarter ending February 28, 2026, reflecting a 20% decrease year-over-year, although it has beaten expectations every quarter in the past year, with the highest beat at 44%.
- Franklin Covey Earnings: Franklin Covey Company (FC) is projected to report an earnings per share of $0.00, representing a 100% increase compared to the same quarter last year, despite missing the consensus by 20.93% in Q3 2025.
- Bassett Furniture Earnings: Bassett Furniture Industries, Incorporated (BSET) anticipates an earnings per share of $0.17 for the quarter ending February 28, 2026, which is a 19.05% decrease from the previous year, and it missed the consensus by 23.33% in Q4 2025.
- Industry Comparison: According to Zacks Investment Research, FC's 2026 Price to Earnings ratio is 19.26, higher than the industry average of 15.80, indicating stronger earnings growth potential compared to competitors, while BSET's ratio of 14.74 suggests a relative competitive advantage.
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Analyst Views on PENG
Wall Street analysts forecast PENG stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 26.740
Low
23.00
Averages
26.00
High
30.00
Current: 26.740
Low
23.00
Averages
26.00
High
30.00
About PENG
Penguin Solutions, Inc. is an end-to-end technology company. The Company’s Advanced Computing segment, under its Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the Internet of things that span the continuum of edge, core and cloud. Its Integrated Memory segment, under its SMART Modular Technologies brand, provides high-performance and reliable integrated memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Its Optimized LED segment, under its Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. The Company’s LED products enable its customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Penguin Solutions (PENG) Earnings Transcript
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Stock Performance: Penguin Solutions' stock has struggled for years but may be on the verge of a turnaround, with signs of institutional support and a potential move to fresh highs.
Market Dynamics: The demand for AI and the company's positioning as a memory specialist are driving interest, with analysts suggesting a moderate buy sentiment following recent earnings updates.
Investment Opportunities: The stock is trading at deep value levels, with estimates indicating potential for significant gains, making it an attractive option for investors looking for growth.
Future Outlook: Analysts highlight the importance of retail trader involvement to sustain upward momentum, while the company is well-positioned to deliver returns through buybacks and growth strategies.
See More
Penguin Solutions (PENG) Earnings Transcript
See More
Penguin Solutions Reports Strong Q2 Results, Raises Guidance
- Strong Performance: Penguin Solutions reported $343 million in revenue for Q2 2023, down 6% year-over-year but exceeding analyst expectations of $339 million, demonstrating resilience in a challenging market.
- Profitability Improvement: The company achieved a non-GAAP earnings per share of $0.52, surpassing the expected $0.42, indicating effective cost management despite flat overall revenue and operating income.
- Optimistic Outlook: The company raised its full-year sales growth forecast to 12%, up from a previous estimate of 6%, and now anticipates earnings of $2.15 per share, exceeding the analyst consensus of $2.04, reflecting management's confidence in future growth.
- Stock Price Surge: Following the positive guidance, Penguin Solutions' stock jumped 11.8% on Thursday, although it remains near recent lows, indicating investor optimism about the company's potential moving forward.
See More
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- Nike's Bleak Sales Outlook: Nike anticipates a 20% decline in sales in China for the current quarter, resulting in a more than 2% drop in stock price, highlighting increasing challenges the company faces in the global market that could impact future profitability.
- Globalstar Stock Surge: Globalstar shares rose 9% following reports that Amazon is in talks to acquire the company, although Amazon declined to comment, the optimism surrounding the potential acquisition boosted the stock price significantly.
- Penguin Solutions Earnings Beat: Penguin Solutions reported adjusted earnings of 52 cents per share, exceeding the analyst consensus of 42 cents, with revenue of $343 million surpassing expectations, reflecting strong performance in the computing and memory markets, resulting in a 13% stock price increase.
See More
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- Earnings Beat: Penguin Solutions reported Q2 revenue of $343 million for fiscal 2023, a 6% year-over-year decline, yet it surpassed analysts' expectations of $339 million, demonstrating resilience in the market.
- Profitability Improvement: The company achieved a non-GAAP earnings per share of $0.52, exceeding the forecast of $0.42, indicating enhancements in cost control and operational efficiency despite flat overall income.
- Optimistic Full-Year Guidance: Penguin raised its full-year sales growth forecast to 12%, up from a previous 6% estimate and above analysts' expectations, projecting earnings of $2.15 per share, reflecting management's confidence in future growth.
- Positive Market Reaction: Following the optimistic financial guidance, Penguin Solutions' stock surged 11.8% on Thursday morning, although it remains near recent lows, with analysts' target price set at $26.88, suggesting a potential upside of 30%.
See More
