Smart Global Holdings Inc. Expected To Post Earnings Of 16 Cents A Share: Earnings Preview

Penguin Solutions

05/01/2024 21:14

* SMART Global Holdings Inc.  SGH.OQ   SGH.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
9 for the period ending August 31 2023
    * The George Town Cayman Islands-based   company is expected
to
report a 40.9% decrease in revenue to $274.997 million from
$465.48 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on October
12 2023, for the period ended November 30, was for revenue
between 250.00 million and 300.00 million.
    * ​LSEG's mean analyst estimate for SMART Global Holdings
Inc. is
for earnings of 16 cents per share. The company's EPS guidance
on October 12 2023, for the period ended November 30, was
between 0.00 and 0.30 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SMART
Global
Holdings Inc. is $25.00​, above​ its last closing price
of $17.64. ​​​

The company's guidance on October 12 2023 for the period ended
November 30 was for Capital Expenditures between 4 million and 6
million.The company's guidance on October 12 2023 for the period
ended November 30 was for gross profit margin between 30.5% and
32.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  0.45        0.45       0.35      Missed  -22.9
 May. 31 2023  0.40        0.40       0.66      Beat    63.8
 Feb. 28 2023  0.60        0.60       0.76      Beat    27.2​
 Nov. 30 2022  0.57        0.57       0.79      Beat    38.3
 ​​Aug.        0.65        0.65       0.80      Beat    23.2
 31 2022                                                
 May. 31 2022  0.76        0.76       0.87      Beat    15.2​
 Feb. 28 2022  0.72        0.72       0.87      Beat    20.3
 Nov. 30 2021  1.00        1.00       1.08      Beat    8.1
 This summary was machine generated January 5 at 21:14 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)