Earnings Report: Here’s what to expect from Smart Global (NASDAQ:SGH)

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Earnings results for Smart Global (NASDAQ:SGH)

SMART Global Holdings, Inc. is expected* to report earnings on 10/01/2020 after market close. The report will be for the fiscal Quarter ending Aug 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.6. The reported EPS for the same quarter last year was $0.27.

Smart Global last announced its quarterly earnings data on July 7th, 2020. The reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $281.30 million for the quarter, compared to the consensus estimate of $282.56 million. Its revenue was up 19.2% compared to the same quarter last year. Smart Global has generated $2.56 earnings per share over the last year. Smart Global has confirmed that its next quarterly earnings report will be published on Thursday, October 1st, 2020.

Analyst Opinion on Smart Global (NASDAQ:SGH)

6 Wall Street analysts have issued ratings and price targets for Smart Global in the last 12 months. Their average twelve-month price target is $34.67, predicting that the stock has a possible upside of 26.80%. The high price target for SGH is $45.00 and the low price target for SGH is $25.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Smart Global has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $34.67, Smart Global has a forecasted upside of 26.8% from its current price of $27.34. Smart Global has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Smart Global (NASDAQ:SGH)

Smart Global does not currently pay a dividend. Smart Global does not have a long track record of dividend growth.

Insiders buying/selling: Smart Global (NASDAQ:SGH)

In the past three months, Smart Global insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,342.00 in company stock. Only 4.90% of the stock of Smart Global is held by insiders.

Earnings and Valuation of Smart Global (NASDAQ:SGH

Earnings for Smart Global are expected to grow by 38.98% in the coming year, from $1.77 to $2.46 per share. The P/E ratio of Smart Global is -210.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Smart Global is -210.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Smart Global has a P/B Ratio of 2.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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