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Super Micro Computer (SMCI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Super Micro Computer (SMCI - Free Report) closed at $28.43, marking a -1.32% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.64% for the day. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.59%.
Shares of the server technology company witnessed a gain of 33.5% over the previous month, beating the performance of the Computer and Technology sector with its gain of 13.17%, and the S&P 500's gain of 9.33%.
The upcoming earnings release of Super Micro Computer will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.63, reflecting a 103.23% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $12.36 billion, up 168.75% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.25 per share and a revenue of $41.55 billion, indicating changes of +9.22% and +89.09%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Super Micro Computer. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% decrease. Super Micro Computer presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Super Micro Computer is at present trading with a Forward P/E ratio of 12.81. This signifies a discount in comparison to the average Forward P/E of 13.41 for its industry.
It's also important to note that SMCI currently trades at a PEG ratio of 0.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer- Storage Devices industry was having an average PEG ratio of 1.42.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Super Micro Computer (SMCI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Super Micro Computer (SMCI - Free Report) closed at $28.43, marking a -1.32% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.64% for the day. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.59%.
Shares of the server technology company witnessed a gain of 33.5% over the previous month, beating the performance of the Computer and Technology sector with its gain of 13.17%, and the S&P 500's gain of 9.33%.
The upcoming earnings release of Super Micro Computer will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.63, reflecting a 103.23% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $12.36 billion, up 168.75% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.25 per share and a revenue of $41.55 billion, indicating changes of +9.22% and +89.09%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Super Micro Computer. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% decrease. Super Micro Computer presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Super Micro Computer is at present trading with a Forward P/E ratio of 12.81. This signifies a discount in comparison to the average Forward P/E of 13.41 for its industry.
It's also important to note that SMCI currently trades at a PEG ratio of 0.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer- Storage Devices industry was having an average PEG ratio of 1.42.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.