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Super Micro Computer (SMCI) Suffers a Larger Drop Than the General Market: Key Insights
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Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $39.07, moving -2.28% from the previous trading session. This move lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Prior to today's trading, shares of the server technology company had gained 8.82% outpaced the Computer and Technology sector's gain of 3.58% and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Super Micro Computer in its upcoming earnings disclosure. The company is expected to report EPS of $1.06, up 202.86% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.81 billion, up 195.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.37 per share and a revenue of $67.01 billion, representing changes of +20.39% and +71.55%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Super Micro Computer. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 past month, there's been a 0.04% fall in the Zacks Consensus EPS estimate. At present, Super Micro Computer boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 9.15. This denotes a discount relative to the industry average Forward P/E of 11.33.
We can also see that SMCI currently has a PEG ratio of 0.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SMCI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Super Micro Computer (SMCI) Suffers a Larger Drop Than the General Market: Key Insights
Super Micro Computer (SMCI - Free Report) closed the most recent trading day at $39.07, moving -2.28% from the previous trading session. This move lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Prior to today's trading, shares of the server technology company had gained 8.82% outpaced the Computer and Technology sector's gain of 3.58% and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Super Micro Computer in its upcoming earnings disclosure. The company is expected to report EPS of $1.06, up 202.86% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.81 billion, up 195.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.37 per share and a revenue of $67.01 billion, representing changes of +20.39% and +71.55%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Super Micro Computer. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 past month, there's been a 0.04% fall in the Zacks Consensus EPS estimate. At present, Super Micro Computer boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 9.15. This denotes a discount relative to the industry average Forward P/E of 11.33.
We can also see that SMCI currently has a PEG ratio of 0.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SMCI in the coming trading sessions, be sure to utilize Zacks.com.