Perma-Pipe International Holdings Inc (PPIH)
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
$28.38+2.90%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
Broken: Primary pillar broken — EPS reaches $2.09 for fiscal year 2026: Q1 FY26 EPS $0.22 vs FY26 target $2.09 (10.5% of target).
Perma-Pipe grows revenue about 8% yearly. Profit per share aims for $2.09 in 2026. The stock trades cheap with a PE of 14.8 versus peers at 23.8. Management expects growth in sales and net income this year.
Recent earnings missed by 54%, showing profit weakness. The stock is down nearly 29% from its high. Guidance is soft, and profit progress is unclear. Risks include fragile quality and sector headwinds.
The price sits about 6% below our fair value near $27. Analysts expect 8% revenue growth. Our view aligns with moderate growth but notes recent earnings weakness and soft guidance.
Breaks if: EPS falls below $1.80 in FY26
Management provided EPS guidance of $2.09 for the fiscal year ended January 31, 2026.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a mix of growth and volatility. PPIH is focused on revenue and net income growth while expanding its manufacturing footprint. However, the company faces challenges with management execution and sector headwinds.
The market currently prices PPIH as cheap compared to its peers, with a low expectations gap. This suggests that investors are not fully factoring in the potential risks associated with the company's fragile earnings quality and volatile management.
PPIH's fundamentals may show mixed results in the near term due to a high probability of missing earnings expectations. Recent financial performance has been neutral, but the company's management is actively pursuing growth, which could support a positive trajectory over the multi-year view.
The thesis hinges on PPIH's ability to maintain revenue and net income growth while successfully expanding its manufacturing capabilities. Additionally, the performance of sector bellwethers will be crucial; if they continue to perform well, it could provide a favorable backdrop for PPIH.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company is expanding its manufacturing footprint. This is a positive development. However, the latest earnings report missed expectations. This is a negative factor.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: YoY revenue growth falls below 5% in FY26
Continue to grow revenue and net income in fiscal 2026 compared to fiscal 2025, supported by backlog and market expansion.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $158.4 million in fiscal 2025 to $210.9 million in fiscal 2026, and net income attributable to common stock increased from $9.0 million to $17.0 million. Backlog rose about 12% from $121.6 million at January 31, 2026 to $136.5 million at April 30, 2026. Management's statements and financial results show delivery on growth with a positive trajectory.
“We continue to anticipate both revenue growth and net income growth for fiscal 2026 compared to fiscal 2025.”
“Our fiscal 2025 results represent a landmark achievement... driven by strong top-line growth and improved margins.”
Breaks if: PE rises above 20 without earnings growth
In the next 1 to 3 years, PPIH's performance will depend on its execution of growth strategies and external market conditions. Not investment advice.