Smart Global Holdings Inc. Expected To Post Earnings Of 40 Cents A Share: Earnings Preview
27/06/2023 21:13
* SMART Global Holdings Inc. SGH.OQ SGH.O is expected
to show
a fall in quarterly revenue when it reports results on June
29.
* The Newark California California-based company is
expected to
report a 18.8% decrease in revenue to $375.496 million from
$462.54 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. The company's guidance on
April 4 2023, for the period ended May 31, was for revenue
between 355.00 million and 395.00 million.
* Refinitiv's mean analyst estimate for SMART Global
Holdings
Inc. is for earnings of 40 cents per share. The company's EPS
guidance on April 4 2023, for the period ended May 31, was
between 0.30 and 0.50
* 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 had fallen by
about 0.3%
in the last three months.
* Wall Street's median 12-month price target for SMART
Global
Holdings Inc. is $30, above its last closing price of $25.91.
The company's guidance on April 4 2023 for the period ended May
31 was for Capital Expenditures between 12 million and 15
million.The company's guidance on April 4 2023 for the period
ended May 31 was for gross profit margin between 27% and 29%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Feb. 28 2023 0.60 0.60 0.76 Beat 27.2
Nov. 30 2023 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
Feb. 0.72 0.72 0.87 Beat 20.3
28 2022
Nov. 30 2021 1.00 1.00 1.08 Beat 8.1
Aug. 31 2021 0.80 0.80 1.08 Beat 35.1
May. 31 2021 0.55 0.55 0.70 Beat 27.3
This summary was machine generated June 27 at 20:13 GMT. All
figures in US dollars unless otherwise stated