Super Micro Computer Earnings Preview: Analyst Insights And Expectations
Portfolio Pulse from Vaishali Prayag
Super Micro Computer Inc. (NASDAQ:SMCI) is set to release its fourth-quarter earnings report on Tuesday, August 6th, after the market close. Analysts predict strong results with an estimated EPS of $8.20 and revenue of $5.294 billion. Wedbush analyst Matt Bryson has reiterated a Neutral rating with a price target of $800, reflecting optimism about long-term AI growth prospects. Despite this, SMCI shares are down 7.13% at $624.34.
August 02, 2024 | 7:19 pm
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Super Micro Computer Inc. (SMCI) is set to release its Q4 earnings report on August 6th. Analysts predict strong results with an EPS of $8.20 and revenue of $5.294 billion. Despite a Neutral rating from Wedbush with a price target of $800, shares are down 7.13% at $624.34.
The upcoming earnings report is expected to show strong results, which could positively impact the stock price. However, the current decline in share price suggests market caution. The Neutral rating and high price target indicate mixed sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100