Supermicro Expects Q4 Net Sales Of $5.1B-$5.5B (Est $4.888B), Adj EPS Of $7.62-$8.42 (Est $7.14)
Portfolio Pulse from Benzinga Newsdesk
Supermicro forecasts Q4 net sales to range between $5.1B-$5.5B, surpassing the estimated $4.888B. Additionally, the company anticipates its adjusted EPS to be between $7.62-$8.42, exceeding the expected $7.14.
April 30, 2024 | 9:09 pm
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POSITIVE IMPACT
Supermicro's Q4 forecast exceeds analysts' expectations for both net sales and adjusted EPS, indicating strong financial performance.
Supermicro's forecasted Q4 net sales and adjusted EPS significantly exceed analysts' estimates, suggesting a robust financial performance for the quarter. This positive outlook is likely to instill investor confidence, potentially leading to an uptick in SMCI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100