Smart Global Holdings Inc. Reports Results For The Quarter Ended In February: Earnings Summary
09/04/2024 22:01
* SMART Global Holdings Inc. SGH.OQ reported quarterly
adjusted
earnings of 27 cents per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of 76 cents. The mean expectation of
five analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 25 cents to 26
cents per share.
* Revenue fell 33.6% to $284.82 million from a year ago;
analysts
expected $283.79 million.
* SMART Global Holdings Inc.'s reported EPS for the quarter
was a
loss of 26 cents.
* The company reported a quarterly loss of $13.62 million.
* SMART Global Holdings Inc. shares had fallen by 1.7% this
quarter and gained 36.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 54.6%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the
semiconductors peer
group is also "buy"
Wall Street's median 12-month price target for SMART Global
Holdings Inc. is $25.00
This summary was machine generated from LSEG data April 9 at
09:01 p.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Feb. 29 2024 0.25 0.27 Beat
Nov. 30 2023 0.16 0.24 Beat
Aug. 31 2023 0.45 0.35 Missed
May. 31 2023 0.40 0.66 Beat