Smart Global Holdings Inc. Reports Results For The Quarter Ended In August: Earnings Summary

Penguin Solutions

12/10/2023 22:47

* SMART Global Holdings Inc.  SGH.OQ  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in
August. The mean expectation of six analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue fell 27.7% to $316.66 million from a year ago;
analysts
expected $375.04 million. 
    * SMART Global Holdings Inc.'s reported EPS for the quarter
was a
loss of $2.77​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * SMART Global Holdings Inc. shares had fallen by 0.5% this
quarter and gained 62.8% so far this year.
    * The company reported a quarterly loss of $140.84 million.
    * Wall Street's median 12-month price target for SMART
Global
Holdings Inc. is $33.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 12 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.45           0.35           Missed
 May. 31 2023      0.40           0.66           Beat
 Feb. 28 2023      0.60           0.76           Beat
 Nov. 30 2022      0.57           0.79           Beat