Stock Analysis
- United States
- /
- Semiconductors
- /
- NasdaqGS:SGH
SMART Global Holdings Third Quarter 2024 Earnings: EPS Beats Expectations
SMART Global Holdings (NASDAQ:SGH) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$300.6m (down 13% from 3Q 2023).
- Net income: US$5.62m (up from US$19.6m loss in 3Q 2023).
- Profit margin: 1.9% (up from net loss in 3Q 2023).
- EPS: US$0.11 (up from US$0.40 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SMART Global Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 21% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for SMART Global Holdings (1 makes us a bit uncomfortable) you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether SMART Global Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're helping make it simple.
Find out whether SMART Global Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:SGH
SMART Global Holdings
A memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally.
High growth potential low.