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Super Micro Computer (SMCI) Declines More Than Market: Some Information for Investors
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Super Micro Computer (SMCI - Free Report) ended the recent trading session at $31.42, demonstrating a -3.75% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 2.06%. Meanwhile, the Dow lost 1.76%, and the Nasdaq, a tech-heavy index, lost 2.39%.
Prior to today's trading, shares of the server technology company had gained 5.05% outpaced the Computer and Technology sector's gain of 1.71% and the S&P 500's gain of 1.63%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 21.31% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.43 billion, showing a 83.76% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.11 per share and revenue of $36.46 billion, indicating changes of +2.43% and +65.94%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Super Micro Computer should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Super Micro Computer holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Super Micro Computer has a Forward P/E ratio of 15.49 right now. This expresses a discount compared to the average Forward P/E of 22.21 of its industry.
Meanwhile, SMCI's PEG ratio is currently 0.55. 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 Computer- Storage Devices industry had an average PEG ratio of 1.85 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 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.
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Super Micro Computer (SMCI) Declines More Than Market: Some Information for Investors
Super Micro Computer (SMCI - Free Report) ended the recent trading session at $31.42, demonstrating a -3.75% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 2.06%. Meanwhile, the Dow lost 1.76%, and the Nasdaq, a tech-heavy index, lost 2.39%.
Prior to today's trading, shares of the server technology company had gained 5.05% outpaced the Computer and Technology sector's gain of 1.71% and the S&P 500's gain of 1.63%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 21.31% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.43 billion, showing a 83.76% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.11 per share and revenue of $36.46 billion, indicating changes of +2.43% and +65.94%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Super Micro Computer should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Super Micro Computer holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Super Micro Computer has a Forward P/E ratio of 15.49 right now. This expresses a discount compared to the average Forward P/E of 22.21 of its industry.
Meanwhile, SMCI's PEG ratio is currently 0.55. 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 Computer- Storage Devices industry had an average PEG ratio of 1.85 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 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.