SMART Global Holdings Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
SMART Global Holdings, Inc. (NASDAQ:SGH) is expected to report lower Q4 earnings for fiscal year 2023, with analysts predicting earnings of 45 cents per share, down from 80 cents per share in the previous year. The company's revenue is also expected to decrease to $375.04 million from $437.7 million. Despite this, several analysts have maintained a 'Buy' rating on the company's stock, with price targets ranging from $27 to $37.
October 12, 2023 | 1:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SMART Global Holdings is expected to report lower Q4 earnings and revenue, which could negatively impact the stock price. However, several analysts have maintained a 'Buy' rating on the stock, which could provide some support.
The expected decrease in earnings and revenue for SMART Global Holdings could lead to a drop in the stock price as it indicates a potential slowdown in the company's performance. However, the 'Buy' ratings from analysts suggest they believe the company's stock is still a good investment, which could help mitigate any potential negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100