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Super Micro Computer (SMCI) Surpasses Market Returns: Some Facts Worth Knowing
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Super Micro Computer (SMCI - Free Report) ended the recent trading session at $22.67, demonstrating a +2.81% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Prior to today's trading, shares of the server technology company had lost 31.05% lagged the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be closely monitoring the performance of Super Micro Computer in its forthcoming earnings report. In that report, analysts expect Super Micro Computer to post earnings of $0.63 per share. This would mark year-over-year growth of 103.23%. In the meantime, our current consensus estimate forecasts the revenue to be $12.35 billion, indicating a 168.5% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $41.25 billion, demonstrating changes of +8.25% and +87.72%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Super Micro Computer. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.33% higher. Right now, Super Micro Computer possesses 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 9.9 right now. This signifies a discount in comparison to the average Forward P/E of 12.68 for its industry.
We can additionally observe that SMCI currently boasts a PEG ratio of 0.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices industry had an average PEG ratio of 1.33 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 23% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Super Micro Computer (SMCI) Surpasses Market Returns: Some Facts Worth Knowing
Super Micro Computer (SMCI - Free Report) ended the recent trading session at $22.67, demonstrating a +2.81% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Prior to today's trading, shares of the server technology company had lost 31.05% lagged the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be closely monitoring the performance of Super Micro Computer in its forthcoming earnings report. In that report, analysts expect Super Micro Computer to post earnings of $0.63 per share. This would mark year-over-year growth of 103.23%. In the meantime, our current consensus estimate forecasts the revenue to be $12.35 billion, indicating a 168.5% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $41.25 billion, demonstrating changes of +8.25% and +87.72%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Super Micro Computer. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.33% higher. Right now, Super Micro Computer possesses 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 9.9 right now. This signifies a discount in comparison to the average Forward P/E of 12.68 for its industry.
We can additionally observe that SMCI currently boasts a PEG ratio of 0.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices industry had an average PEG ratio of 1.33 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 23% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.