Smart Global Holdings Inc. Reports Results For The Quarter Ended In November: Earnings Summary
09/01/2024 22:01
* SMART Global Holdings Inc. SGH.OQ reported quarterly
adjusted
earnings of 24 cents per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of 79 cents. The mean expectation of
six analysts for the quarter was for earnings of 16 cents per
share. Wall Street expected results to range from 15 cents to 17
cents per share.
* Revenue fell 41.1% to $274.25 million from a year ago;
analysts
expected $275.00 million.
* SMART Global Holdings Inc.'s reported EPS for the quarter
was a
loss of 38 cents.
* The company reported a quarterly loss of $19.92 million.
* SMART Global Holdings Inc. shares had fallen by 3.6% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 60.6%
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 6 "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 January 9 at
10:00 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
Nov. 30 2023 0.16 0.24 Beat
Aug. 31 2023 0.45 0.35 Missed
May. 31 2023 0.40 0.66 Beat
Feb. 28 2023 0.60 0.76 Beat