Smart Global Holdings Inc. Expected To Post Earnings Of 30 Cents A Share: Earnings Preview

Penguin Solutions

05/07/2024 21:54

* SMART Global Holdings Inc.  SGH.OQ   SGH.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 9
for the period ending May 31 2024
    * The Newark California California-based  company is
expected to
report a 21.7% decrease in revenue to $300 million from $383.33
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on May 14
2024, for the period ended May 31, was for revenue between
275.00 million and 325.00 million.
    * ​LSEG's mean analyst estimate for SMART Global Holdings
Inc. is
for earnings of 30 cents per share. The company's EPS guidance
on May 14 2024, for the period ended May 31, was between 0.15
and 0.45 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $27.25​, above​ its last closing price
of $23.10. ​​​

The company's guidance on April 9 2024 for the period ended May
31 was for Capital Expenditures between 4 million and 6
million.The company's guidance on May 14 2024 for the period
ended May 31 was for gross profit margin between 30.5% 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  
 Feb. 29 2024  0.25        0.25       0.27      Beat    6.3
 Nov. 30 2024  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.        0.60        0.60       0.76      Beat    27.2
 28 2023                                                
 Nov. 30 2022  0.57        0.57       0.79      Beat    38.3​
 Aug. 31 2022  0.65        0.65       0.80      Beat    23.2
 May. 31 2022  0.76        0.76       0.87      Beat    15.2
 This summary was machine generated July 5 at 20:54 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)