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

Penguin Solutions

29/06/2023 22:02

* SMART Global Holdings Inc.  SGH.OQ  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in May.
The mean expectation of six analysts for the quarter was
for earnings of 40 cents per share.
    * Revenue fell 17.1% to $383.33 million from a year ago;
analysts
expected $375.50 million. 
    * SMART Global Holdings Inc.'s reported EPS for the quarter
was a
loss of 50 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.4%
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 risen by 52.6% this
quarter and gained 76.8% so far this year.
    * The company reported a quarterly loss of $24.46 million.
    * Wall Street's median 12-month price target for SMART
Global
Holdings Inc. is $31.00 
    * 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 June
29 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Aug. 31 2022      0.65           0.80           Beat