SMART Global Holdings Sees Q3 2024 Non-GAAP EPS $0.30 ± $0.15 Vs $0.28 Est.; Revenue $300M ± $25M Vs $307.864M Est.
Portfolio Pulse from Benzinga Newsdesk
SMART Global Holdings projects its Q3 2024 non-GAAP EPS to be $0.30 ± $0.15, slightly above the $0.28 estimate. Revenue is expected to be $300M ± $25M, slightly below the $307.864M estimate.
April 09, 2024 | 8:15 pm
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SMART Global Holdings anticipates a Q3 2024 non-GAAP EPS of $0.30 ± $0.15, surpassing the $0.28 estimate, with revenue projected at $300M ± $25M, below the $307.864M estimate.
The slight beat on the EPS estimate could be seen as a positive signal, indicating operational efficiency or cost management. However, the projected revenue being slightly below estimates may temper investor enthusiasm, leading to a neutral short-term impact on SGH's stock price. The balance between these factors results in a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100