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.
Super Micro Computer (SMCI) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $28.13, moving -8.16% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
The stock of server technology company has fallen by 33.54% in the past month, lagging the Computer and Technology sector's loss of 5.33% and the S&P 500's loss of 2.9%.
The investment community will be closely monitoring the performance of Super Micro Computer in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.7, reflecting a 70.73% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $11.7 billion, showing a 103.32% escalation compared to the year-ago quarter.
SMCI's full-year Zacks Consensus Estimates are calling for earnings of $2.59 per share and revenue of $39.67 billion. These results would represent year-over-year changes of +25.73% and +80.53%, respectively.
It is also important to note the recent changes to analyst estimates for Super Micro Computer. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% increase. As of now, Super Micro Computer holds 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 11.85. This represents a discount compared to its industry average Forward P/E of 24.5.
One should further note that SMCI currently holds a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Computer- Storage Devices industry held an average PEG ratio of 1.62.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 3, positioning it in the top 2% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Super Micro Computer (SMCI) Stock Dips While Market Gains: Key Facts
Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $28.13, moving -8.16% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
The stock of server technology company has fallen by 33.54% in the past month, lagging the Computer and Technology sector's loss of 5.33% and the S&P 500's loss of 2.9%.
The investment community will be closely monitoring the performance of Super Micro Computer in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.7, reflecting a 70.73% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $11.7 billion, showing a 103.32% escalation compared to the year-ago quarter.
SMCI's full-year Zacks Consensus Estimates are calling for earnings of $2.59 per share and revenue of $39.67 billion. These results would represent year-over-year changes of +25.73% and +80.53%, respectively.
It is also important to note the recent changes to analyst estimates for Super Micro Computer. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% increase. As of now, Super Micro Computer holds 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 11.85. This represents a discount compared to its industry average Forward P/E of 24.5.
One should further note that SMCI currently holds a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Computer- Storage Devices industry held an average PEG ratio of 1.62.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 3, positioning it in the top 2% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.