Super Micro Computer (SMCI) shares fell 12% after Q3 earnings missed market expectations, but analysts see potential for recovery due to temporary setbacks like GPU rollout delays. Price targets suggest a potential upside of 33.27%. Despite the recent downturn, 12 analysts project an average target price of $44.93, with estimates ranging from $73.00 to $15.00.
Super Micro Computer (SMCI) shares fell by 12% on August 6, 2024, following the release of its Q3 2024 earnings report. The company reported earnings per share (EPS) of $0.63, which fell short of the consensus estimate of $0.76 by $0.14. Quarterly revenue rose 142.9% year-over-year to $5.31 billion, but this was below analyst estimates of $5.32 billion [1].
Analysts have attributed the earnings miss to temporary setbacks such as GPU rollout delays. Despite the recent downturn, 12 analysts project an average target price of $44.93 for SMCI shares, with estimates ranging from $73.00 to $15.00. This suggests that analysts see potential for recovery and a potential upside of 33.27% [1].
Looking ahead, Super Micro Computer's Q3 2025 earnings are scheduled for Tuesday, May 6, 2025, with a conference call scheduled at 5:00 PM ET. The company has issued EPS guidance of $0.290-$0.310 for the period, compared to the consensus estimate of $0.540. Revenue guidance for the quarter is $4.5 billion-$4.6 billion, compared to the consensus estimate of $5.4 billion [1].
In the previous quarter, SMCI missed the analysts' consensus estimate of $0.76 by $0.14 with a reported EPS of $0.63. The company has a trailing EPS of $2.39 and a P/E Ratio of 16.73. SMCI's earnings are expected to grow 19.35% next year, from $1.86 to $2.22 per share [1].
Super Micro Computer's annual revenue is $20.82 billion, and its net income is $1.21 billion. The company's trailing price-to-earnings ratio is 16.43, and its forward price-to-earnings ratio is 17.60 [1].
References:
[1] https://www.marketbeat.com/stocks/NASDAQ/SMCI/earnings/
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