Super Micro Computer (SMCI) closed the recent trading day at $38.90, with a 0.61% decline from the previous session. The stock has surged 34.22% in the past month, outperforming the Computer and Technology sector’s loss of 7.5%. SMCI’s financial results are expected to be released soon, with analysts predicting an EPS of $0.59 and revenue of $5.34 billion.
The company’s full-year Zacks Consensus Estimates call for earnings of $2.66 per share and revenue of $23.74 billion, representing year-over-year changes of +20.36% and +58.89%, respectively. A shift in analyst projections can indicate a change in business trends, so it’s essential to monitor these updates.
The Zacks Rank system, which considers estimate changes, has shown remarkable historical performance, outperforming #1 stocks by an average annual gain of 25%. SMCI currently features a Zacks Rank of #4 (Sell), with its Forward P/E ratio at 14.71, indicating a premium compared to the industry’s 12.82.
The Computer-Storage Devices industry is part of the top 36% of all industries according to the Zacks Industry Rank. The sector’s strong performance could benefit investors looking for growth opportunities. To stay up-to-date on SMCI and other stock-moving metrics, visit Zacks.com.
Source: https://finance.yahoo.com/news/super-micro-computer-smci-stock-224518277.html