SMART Glb HldgsSGH stock rose by 18.06% on Wednesday after the company reported its Q4 earnings results on Tuesday, October 12, 2021 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
SMART Glb Hldgs beat their estimated earnings by 35.0%, which surprised analysts.
Revenue was up $170,679,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.3, which was followed by a 17.81% increase in the share price the next day.
Here's a look at SMART Glb Hldgs's past performance and the resulting price change:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|---|
EPS Estimate | 1.60 | 1.09 | 0.80 | 0.70 | 0.78 |
EPS Actual | 2.16 | 1.39 | 0.87 | 0.78 | 0.82 |
Price Change % | 18.06% | 17.81% | 11.99% | -0.81% | -12.05% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
SMART Glb Hldgs management provided guidance for their next quarter, expecting earnings between $1.8 and $2.2 per share for the nextquarter.
This represents a -7.41% in quarter-over-quarter growth for SMART Glb Hldgs, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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