Smart Global Holdings Inc. Expected To Post Earnings Of 45 Cents A Share: Earnings Preview
10/10/2023 21:08
* SMART Global Holdings Inc. SGH.OQ SGH.O is expected
to show
a fall in quarterly revenue when it reports results
* The George Town Cayman Islands-based company is expected
to
report a 14.3% decrease in revenue to $375.037 million from
$437.7 million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on
June 29 2023, for the period ended August 31, was for revenue
between $350.00 million and $400.00 million.
* Refinitiv's mean analyst estimate for SMART Global
Holdings
Inc. is for earnings of 45 cents per share. The company's EPS
guidance on June 29 2023, for the period ended August 31, was
between $0.30 and $0.60
* 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 $33, above its last closing price of $24.06.
The company's guidance on June 29 2023 for the period ended
August 31 was for gross profit margin between USD27% and USD29%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
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. 31 2022 0.65 0.65 0.80 Beat 23.2
May. 0.76 0.76 0.87 Beat 15.2
31 2022
Feb. 28 2022 0.72 0.72 0.87 Beat 20.3
Nov. 30 2021 1.00 1.00 1.08 Beat 8.1
Aug. 31 2021 0.80 0.80 1.08 Beat 35.1
This summary was machine generated October 10 at 20:08 GMT. All
figures in US dollars unless otherwise stated