We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Silicon Motion (SIMO) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
Silicon Motion (SIMO - Free Report) closed the most recent trading day at $68.45, moving -1.93% from the previous trading session. This change lagged the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
The stock of chip company has risen by 10.43% in the past month, leading the Computer and Technology sector's loss of 0% and the S&P 500's gain of 1.44%.
The upcoming earnings release of Silicon Motion will be of great interest to investors. The company is expected to report EPS of $0.52, down 45.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $180.4 million, down 14.37% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.41 per share and a revenue of $815.03 million, demonstrating changes of -0.58% and +1.43%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Silicon Motion. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Silicon Motion is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Silicon Motion is holding a Forward P/E ratio of 23.97. This expresses a premium compared to the average Forward P/E of 22.67 of its industry.
Also, we should mention that SIMO has a PEG ratio of 1.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. SIMO's industry had an average PEG ratio of 2.18 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Silicon Motion (SIMO) Declines More Than Market: Some Information for Investors
Silicon Motion (SIMO - Free Report) closed the most recent trading day at $68.45, moving -1.93% from the previous trading session. This change lagged the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
The stock of chip company has risen by 10.43% in the past month, leading the Computer and Technology sector's loss of 0% and the S&P 500's gain of 1.44%.
The upcoming earnings release of Silicon Motion will be of great interest to investors. The company is expected to report EPS of $0.52, down 45.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $180.4 million, down 14.37% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.41 per share and a revenue of $815.03 million, demonstrating changes of -0.58% and +1.43%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Silicon Motion. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Silicon Motion is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Silicon Motion is holding a Forward P/E ratio of 23.97. This expresses a premium compared to the average Forward P/E of 22.67 of its industry.
Also, we should mention that SIMO has a PEG ratio of 1.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. SIMO's industry had an average PEG ratio of 2.18 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.