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Super Micro Computer (SMCI) Registers a Bigger Fall Than the Market: Important Facts to Note
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Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $26.25, moving -3.46% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.
Shares of the server technology company witnessed a loss of 38.19% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.38%, and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of Super Micro Computer in its upcoming earnings disclosure. On that day, Super Micro Computer is projected to report earnings of $0.7 per share, which would represent year-over-year growth of 70.73%. Meanwhile, the latest consensus estimate predicts the revenue to be $11.71 billion, indicating a 103.47% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.59 per share and revenue of $39.67 billion. These totals would mark changes of +25.73% and +80.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Super Micro Computer. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.35% upward. Super Micro Computer is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Super Micro Computer currently has a Forward P/E ratio of 8.47. This expresses a discount compared to the average Forward P/E of 16.1 of its industry.
Also, we should mention that SMCI has a PEG ratio of 0.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Computer- Storage Devices industry had an average PEG ratio of 1.8.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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Super Micro Computer (SMCI) Registers a Bigger Fall Than the Market: Important Facts to Note
Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $26.25, moving -3.46% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.
Shares of the server technology company witnessed a loss of 38.19% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.38%, and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of Super Micro Computer in its upcoming earnings disclosure. On that day, Super Micro Computer is projected to report earnings of $0.7 per share, which would represent year-over-year growth of 70.73%. Meanwhile, the latest consensus estimate predicts the revenue to be $11.71 billion, indicating a 103.47% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.59 per share and revenue of $39.67 billion. These totals would mark changes of +25.73% and +80.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Super Micro Computer. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.35% upward. Super Micro Computer is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Super Micro Computer currently has a Forward P/E ratio of 8.47. This expresses a discount compared to the average Forward P/E of 16.1 of its industry.
Also, we should mention that SMCI has a PEG ratio of 0.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Computer- Storage Devices industry had an average PEG ratio of 1.8.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.