SMART Global Holdings Sees Q1 EPS $0.15 +/- $0.15 Vs $0.40 Est.; Revenue $275M +/- $25M Vs $383.44M Est.
Portfolio Pulse from Benzinga Newsdesk
SMART Global Holdings (SGH) has provided its Q1 2024 financial outlook, expecting EPS of $0.15 +/- $0.15, lower than the estimated $0.40. The company also anticipates revenue of $275M +/- $25M, which is significantly less than the estimated $383.44M.
October 12, 2023 | 8:10 pm
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NEGATIVE IMPACT
SMART Global Holdings' lower than expected EPS and revenue forecast for Q1 2024 could negatively impact its stock price in the short term.
Investors often react to a company's earnings and revenue forecasts. In this case, SMART Global Holdings' lower than expected EPS and revenue forecast for Q1 2024 could lead to a sell-off, negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100