SGH - Assessing SMART Global Stock Ahead of Its Q3 Earnings | Benzinga
SMART Global Holdings, Inc. (NASDAQ: SGH) is slated to report third-quarter fiscal 2024 results on Jul 9.
The company expects revenues of $300 million (+/- $25 million) for the fiscal third quarter. The Zacks Consensus Estimate for the same is pegged at $300 million, indicating a decline of 21.7% from the year-ago reported quarter.
SMART Global anticipates non-GAAP earnings per share of 30 cents (+/- 15 cents). The consensus mark for fiscal third-quarter earnings is pegged at 30 cents per share, suggesting a fall of 54.6% from the prior-year reported figure. The estimate has been unchanged over the past 30 days.
The company's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, the average surprise being 25.2%.
Factors to Consider
SMART Global's strong execution and solid momentum across Intelligent Platform Solutions are likely to have contributed well to its top-line growth in the fiscal third quarter.
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