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Silicon Motion (SIMO) Advances While Market Declines: Some Information for Investors
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Silicon Motion (SIMO - Free Report) ended the recent trading session at $325.26, demonstrating a +1.12% change from the preceding day's closing price. This change outpaced the S&P 500's 0.01% loss on the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
Shares of the chip company witnessed a gain of 12.87% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Silicon Motion in its upcoming release. The company's earnings per share (EPS) are projected to be $2.09, reflecting a 202.9% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $401.53 million, indicating a 102.1% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.87 per share and a revenue of $1.57 billion, demonstrating changes of +149.86% and +77.66%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Silicon Motion. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.83% higher. Silicon Motion presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Silicon Motion is at present trading with a Forward P/E ratio of 36.28. This represents a premium compared to its industry average Forward P/E of 28.75.
It's also important to note that SIMO currently trades at a PEG ratio of 0.68. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Integrated Systems industry stood at 1 at the close of the market yesterday.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 6, placing it within the top 3% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Silicon Motion (SIMO) Advances While Market Declines: Some Information for Investors
Silicon Motion (SIMO - Free Report) ended the recent trading session at $325.26, demonstrating a +1.12% change from the preceding day's closing price. This change outpaced the S&P 500's 0.01% loss on the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
Shares of the chip company witnessed a gain of 12.87% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Silicon Motion in its upcoming release. The company's earnings per share (EPS) are projected to be $2.09, reflecting a 202.9% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $401.53 million, indicating a 102.1% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.87 per share and a revenue of $1.57 billion, demonstrating changes of +149.86% and +77.66%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Silicon Motion. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.83% higher. Silicon Motion presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Silicon Motion is at present trading with a Forward P/E ratio of 36.28. This represents a premium compared to its industry average Forward P/E of 28.75.
It's also important to note that SIMO currently trades at a PEG ratio of 0.68. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Integrated Systems industry stood at 1 at the close of the market yesterday.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 6, placing it within the top 3% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.