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

Penguin Solutions

04/04/2023 22:01

* SMART Global Holdings Inc.  SGH.OQ  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in
February. The mean expectation of six analysts for the quarter
was for earnings of 60 cents per share.
    * Revenue fell 4.5% to $429.20 million from a year ago;
analysts
expected $434.93 million. 
    * SMART Global Holdings Inc.'s reported EPS for the quarter
was a
loss of 55 cents​.
    * The mean earnings estimate of analysts had risen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * SMART Global Holdings Inc. shares had fallen by 2.6% this
quarter and gained 12.8% so far this year.
    * The company reported a quarterly loss of $27.22 million.
    * Wall Street's median 12-month price target for SMART
Global
Holdings Inc. is $22.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 4 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 28 2023      0.60           0.76           Beat
 Nov. 30 2022      0.57           0.79           Beat
 Aug. 31 2022      0.65           0.80           Beat
 May. 31 2022      0.76           0.87           Beat