What's Going On With Super Micro Computer Stock Tuesday?
Portfolio Pulse from Adam Eckert
Super Micro Computer Inc (NASDAQ:SMCI) is set to report its fiscal fourth-quarter earnings after the market close on Tuesday. Analysts expect earnings of $8.10 per share and revenue of $5.314 billion. Last quarter, the company beat earnings estimates but missed revenue estimates. Super Micro has guided for fourth-quarter revenue between $5.1 billion and $5.5 billion and adjusted earnings between $7.62 and $8.42 per share. Recent analyst ratings include a mix of Neutral, Negative, and Buy, with price targets ranging from $325 to $1,300. The stock is up approximately 112% year-to-date.
August 06, 2024 | 4:11 pm
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Super Micro Computer Inc (NASDAQ:SMCI) is set to report its fiscal fourth-quarter earnings after the market close on Tuesday. Analysts expect earnings of $8.10 per share and revenue of $5.314 billion. Last quarter, the company beat earnings estimates but missed revenue estimates. Super Micro has guided for fourth-quarter revenue between $5.1 billion and $5.5 billion and adjusted earnings between $7.62 and $8.42 per share. Recent analyst ratings include a mix of Neutral, Negative, and Buy, with price targets ranging from $325 to $1,300. The stock is up approximately 112% year-to-date.
The upcoming earnings report is a significant event for Super Micro Computer Inc (SMCI). The company's guidance and recent analyst ratings suggest mixed expectations, but the stock's strong year-to-date performance indicates positive investor sentiment. The earnings report could lead to short-term price movements based on whether the company meets, exceeds, or falls short of expectations.
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