SMART Global Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | April 05, 2024 10:38am

SMART Global Holdings, Inc. (NASDAQ:SGH) is expected to release earnings results for its second quarter, after the closing bell on April 9, 2024.

Analysts expect the Milpitas, California-based company to report quarterly earnings at 25 cents per share, down from 76 cents per share in the year-ago period. SMART Global is projected to report quarterly revenue of $283.79 million, according to data from Benzinga Pro.

On Jan. 9, SMART Global Holdings reported first-quarter earnings and announced a $75 million share repurchase authorization.

SMART Global shares fell 2% to close at $25.49 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Needham analyst Quinn Bolton maintained a Buy rating and raised the price target from $22 to $24 on Jan. 10, 2024. This analyst has an accuracy rate of 83%.
• Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $35 on Oct. 19, 2023. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Sidney Ho maintained a Buy rating and boosted the price target from $20 to $28 on June 14, 2023. This analyst has an accuracy rate of 84%.
• Barclays analyst Tom O’Malley maintained an Overweight rating and boosted the price target from $20 to $30 on June 14, 2023. This analyst has an accuracy rate of 67%.

 

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Posted In: SGH