SGH - SMART Global Holdings Inc. (SGH) Surpasses Q2 Earnings Estimates | Benzinga

SMART Global Holdings, Inc. (NASDAQ: SGH) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.24, delivering a surprise of 50%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

SMART Global, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $284.82 million for the quarter ended February 2024, missing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $429.17 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

SMART Global shares ...

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