Top Wall Street Forecasters Revamp SMART Global Expectations Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their expectations for SMART Global Holdings (NASDAQ:SGH) ahead of its Q3 earnings release on July 9. Analysts predict a drop in earnings per share from 66 cents to 30 cents and revenue of $300 million. The company recently appointed Nate Olmstead as SVP and CFO. Multiple analysts have maintained Buy ratings with price targets ranging from $27 to $35.
July 05, 2024 | 3:02 pm
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SMART Global Holdings is expected to report a significant drop in earnings per share for Q3, from 66 cents to 30 cents, with revenue projected at $300 million. The company has also appointed a new SVP and CFO, Nate Olmstead. Despite the expected drop in earnings, multiple analysts have maintained Buy ratings with price targets ranging from $27 to $35.
The expected drop in earnings per share is significant, but the consistent Buy ratings and high price targets from multiple analysts suggest confidence in the company's long-term prospects. The appointment of a new SVP and CFO could also be seen as a positive strategic move.
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IMPORTANCE 80
RELEVANCE 100