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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Super Micro Computer (SMCI - Free Report) closed at $35.62 in the latest trading session, marking a -3.06% move from the prior day. This move lagged the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
The server technology company's stock has dropped by 4.02% in the past month, falling short of the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. In that report, analysts expect Super Micro Computer to post earnings of $1.06 per share. This would mark year-over-year growth of 202.86%. Meanwhile, our latest consensus estimate is calling for revenue of $14.77 billion, up 194.32% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.43 per share and a revenue of $67.12 billion, representing changes of +22.04% and +71.82%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Super Micro Computer. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Super Micro Computer currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 8.29. This valuation marks a discount compared to its industry average Forward P/E of 10.85.
It's also important to note that SMCI currently trades at a PEG ratio of 0.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SMCI's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Super Micro Computer (SMCI) Dips More Than Broader Market: What You Should Know
Super Micro Computer (SMCI - Free Report) closed at $35.62 in the latest trading session, marking a -3.06% move from the prior day. This move lagged the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
The server technology company's stock has dropped by 4.02% in the past month, falling short of the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. In that report, analysts expect Super Micro Computer to post earnings of $1.06 per share. This would mark year-over-year growth of 202.86%. Meanwhile, our latest consensus estimate is calling for revenue of $14.77 billion, up 194.32% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.43 per share and a revenue of $67.12 billion, representing changes of +22.04% and +71.82%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Super Micro Computer. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Super Micro Computer currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 8.29. This valuation marks a discount compared to its industry average Forward P/E of 10.85.
It's also important to note that SMCI currently trades at a PEG ratio of 0.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SMCI's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.