Earnings Outlook For SMART Glb Hldgs
Portfolio Pulse from Benzinga Insights
SMART Global Holdings (NASDAQ:SGH) is set to release its quarterly earnings on October 15, 2024. Analysts expect an EPS of $0.40. The company's past performance shows significant stock price movements post-earnings announcements. Analysts have a 'Buy' rating with a price target of $33.5, indicating a potential upside. However, the company faces challenges with declining revenue growth and a high debt-to-equity ratio.
October 14, 2024 | 2:02 pm
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SMART Global Holdings is expected to announce its quarterly earnings with an anticipated EPS of $0.40. The company has a history of significant stock price movements following earnings announcements. Analysts have a 'Buy' rating with a price target of $33.5, suggesting a potential upside. However, the company faces challenges with declining revenue growth and a high debt-to-equity ratio.
The upcoming earnings release is a significant event for SGH, with analysts expecting an EPS of $0.40. The company's history of stock price volatility post-earnings and the current 'Buy' rating with a high price target suggest a positive short-term impact. However, challenges such as declining revenue growth and high debt levels could temper investor enthusiasm.
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