Smart Global Holdings Inc. Expected To Post Earnings Of 60 Cents A Share: Earnings Preview

Penguin Solutions

31/03/2023 21:19

* SMART Global Holdings Inc.  SGH.OQ   SGH.O  is expected
to show
a fall in quarterly revenue when it reports  results on April
4. 
    * The Newark California California-based  company is
expected to
report  a 3.2% decrease in revenue to $434.933 million from
$449.2 million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on
January 3 2023, for the period ended February 28, was for
revenue between 410.00 million and 460.00 million.
    * ​Refinitiv's mean analyst estimate for SMART Global
Holdings
Inc. is for earnings of 60 cents per share. The company's EPS
guidance on January 3 2023, for the period ended February
28, was between 0.45 and 0.75 
    * 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 $22.5​, above​ its last closing price
of $16.63. ​​​

The company's guidance on January 3 2023 for the period ended
February 28 was for Capital Expenditures between 12 million and
15 million.The company's guidance on January 3 2023 for the
period ended February 28 was for gross profit margin between 26%
and 28%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Feb. 28 2022  0.72        0.72       0.87      Beat    20.3
 ​​Nov.        1.00        1.00       1.08      Beat    8.1
 30 2021                                                
 Aug. 31 2021  0.80        0.80       1.08      Beat    35.1​
 May. 31 2021  0.55        0.55       0.70      Beat    27.3
 Feb. 28 2021  0.40        0.40       0.44      Beat    8.4
 This summary was machine generated March 31 at 20:19 GMT.  All
figures in US dollars  unless otherwise stated