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SMART Global Holdings, Inc. (SGH) Dips More Than Broader Markets: What You Should Know
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SMART Global Holdings, Inc. (SGH - Free Report) closed the most recent trading day at $26.36, moving -1.49% from the previous trading session. This move lagged the S&P 500's daily loss of 0.66%. Meanwhile, the Dow lost 0.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the company had lost 7.47% over the past month. This has was narrower than the Computer and Technology sector's loss of 10.48% and the S&P 500's loss of 8.1% in that time.
SGH will be looking to display strength as it nears its next earnings release, which is expected to be December 20, 2018. The company is expected to report EPS of $1.77, up 68.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $382.24 million, up 44.02% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.94 per share and revenue of $1.57 billion, which would represent changes of +9.12% and +22.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SGH. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.28% higher. SGH is currently a Zacks Rank #2 (Buy).
Digging into valuation, SGH currently has a Forward P/E ratio of 3.86. This represents a discount compared to its industry's average Forward P/E of 17.15.
Also, we should mention that SGH has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.22 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SMART Global Holdings, Inc. (SGH) Dips More Than Broader Markets: What You Should Know
SMART Global Holdings, Inc. (SGH - Free Report) closed the most recent trading day at $26.36, moving -1.49% from the previous trading session. This move lagged the S&P 500's daily loss of 0.66%. Meanwhile, the Dow lost 0.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the company had lost 7.47% over the past month. This has was narrower than the Computer and Technology sector's loss of 10.48% and the S&P 500's loss of 8.1% in that time.
SGH will be looking to display strength as it nears its next earnings release, which is expected to be December 20, 2018. The company is expected to report EPS of $1.77, up 68.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $382.24 million, up 44.02% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.94 per share and revenue of $1.57 billion, which would represent changes of +9.12% and +22.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SGH. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.28% higher. SGH is currently a Zacks Rank #2 (Buy).
Digging into valuation, SGH currently has a Forward P/E ratio of 3.86. This represents a discount compared to its industry's average Forward P/E of 17.15.
Also, we should mention that SGH has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.22 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.