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Super Micro Computer (SMCI) Stock Moves 1.07%: What You Should Know
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In the latest trading session, Super Micro Computer (SMCI - Free Report) closed at $41.64, marking a +1.07% move from the previous day. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
Shares of the server technology company have appreciated by 17.15% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.18%, and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. The company's upcoming EPS is projected at $1.06, signifying a 202.86% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.77 billion, up 194.32% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.43 per share and revenue of $67.12 billion. These totals would mark changes of +22.04% and +71.82%, respectively, from last year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Super Micro Computer is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 9.3. This denotes a discount relative to the industry average Forward P/E of 10.84.
We can also see that SMCI currently has a PEG ratio of 0.71. 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. The Computer- Storage Devices industry had an average PEG ratio of 1.44 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 21, this industry ranks in the top 9% of all industries, numbering over 250.
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
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Super Micro Computer (SMCI) Stock Moves 1.07%: What You Should Know
In the latest trading session, Super Micro Computer (SMCI - Free Report) closed at $41.64, marking a +1.07% move from the previous day. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
Shares of the server technology company have appreciated by 17.15% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.18%, and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Super Micro Computer in its upcoming release. The company's upcoming EPS is projected at $1.06, signifying a 202.86% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.77 billion, up 194.32% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.43 per share and revenue of $67.12 billion. These totals would mark changes of +22.04% and +71.82%, respectively, from last year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Super Micro Computer is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 9.3. This denotes a discount relative to the industry average Forward P/E of 10.84.
We can also see that SMCI currently has a PEG ratio of 0.71. 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. The Computer- Storage Devices industry had an average PEG ratio of 1.44 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 21, this industry ranks in the top 9% of all industries, numbering over 250.
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.