We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SMART Global Holdings, Inc. (SGH) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, SMART Global Holdings, Inc. (SGH - Free Report) closed at $28.59, marking a +0.49% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the company had gained 24.29% over the past month. This has outpaced the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% in that time.
Investors will be hoping for strength from SGH as it approaches its next earnings release. In that report, analysts expect SGH to post earnings of $0.75 per share. This would mark a year-over-year decline of 56.65%. Our most recent consensus estimate is calling for quarterly revenue of $317.21 million, up 1.03% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.67 per share and revenue of $1.41 billion, which would represent changes of -26.57% and +9.76%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SGH. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SGH is currently a Zacks Rank #4 (Sell).
Investors should also note SGH's current valuation metrics, including its Forward P/E ratio of 6.09. This represents a discount compared to its industry's average Forward P/E of 16.18.
Also, we should mention that SGH has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SMART Global Holdings, Inc. (SGH) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, SMART Global Holdings, Inc. (SGH - Free Report) closed at $28.59, marking a +0.49% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the company had gained 24.29% over the past month. This has outpaced the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% in that time.
Investors will be hoping for strength from SGH as it approaches its next earnings release. In that report, analysts expect SGH to post earnings of $0.75 per share. This would mark a year-over-year decline of 56.65%. Our most recent consensus estimate is calling for quarterly revenue of $317.21 million, up 1.03% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.67 per share and revenue of $1.41 billion, which would represent changes of -26.57% and +9.76%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SGH. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SGH is currently a Zacks Rank #4 (Sell).
Investors should also note SGH's current valuation metrics, including its Forward P/E ratio of 6.09. This represents a discount compared to its industry's average Forward P/E of 16.18.
Also, we should mention that SGH has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.