Smart Global Holdings Inc. Reports Results For The Quarter Ended In May: Earnings Summary
09/07/2024 23:51
* SMART Global Holdings Inc. SGH.OQ reported quarterly
adjusted
earnings of 37 cents per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of 66 cents. The mean expectation of four analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 30 cents to 31 cents per share.
* Revenue fell 21.6% to $300.58 million from a year ago;
analysts
expected $300.00 million.
* SMART Global Holdings Inc.'s reported EPS for the quarter
was 10
cents.
* The company reported quarterly net income of $5.62
million.
* SMART Global Holdings Inc. shares had risen by 4.8% this
quarter and gained 26.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 3.1%
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 4 "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 $27.25
This summary was machine generated from LSEG data July 9 at
10:51 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
May. 31 2024 0.30 0.37 Beat
Feb. 29 2024 0.25 0.27 Beat
Nov. 30 2023 0.16 0.24 Beat
Aug. 31 2023 0.45 0.35 Missed