Smart Global Holdings Inc. Expected To Post Earnings Of 25 Cents A Share: Earnings Preview

Penguin Solutions

05/04/2024 21:16

* SMART Global Holdings Inc.  SGH.OQ   SGH.O  is expected
to show
a fall in quarterly revenue when it reports  results on April 9
for the period ending February 29 2024
    * The Newark California California-based  company is
expected to
report a 33.9% decrease in revenue to $283.792 million from
$429.2 million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on January 9
2024, for the period ended February 29, was for revenue between
260.00 million and 310.00 million.
    * ​LSEG's mean analyst estimate for SMART Global Holdings
Inc. is
for earnings of 25 cents per share. The company's EPS guidance
on January 9 2024, for the period ended February 29, was between
0.15 and 0.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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​, below​ its last closing price
of $25.49. ​​​

The company's guidance on January 9 2024 for the period ended
February 29 was for Capital Expenditures between 4 million and 6
million.The company's guidance on January 9 2024 for the period
ended February 29 was for gross profit margin between 31.5% and
33.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  0.16        0.16       0.24      Beat    52.1
 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.        0.57        0.57       0.79      Beat    38.3
 30 2022                                                
 Aug. 31 2022  0.65        0.65       0.80      Beat    23.2​
 May. 31 2022  0.76        0.76       0.87      Beat    15.2
 Feb. 28 2022  0.72        0.72       0.87      Beat    20.3
 This summary was machine generated April 5 at 20:16 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)