SMART Glb Hldgs: Q1 Earnings Insights

SMART Glb Hldgs SGH reported its Q1 earnings results on Tuesday, January 4, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

SMART Glb Hldgs beat estimated earnings by 8.0%, reporting an EPS of $2.16 versus an estimate of $2.0, which did not surprise analysts.

Revenue was up $178.25 million from the same period last year.

Last quarter the company beat on EPS by $0.56, which was followed by a 18.06% increase in the share price the next day.

Here's a look at SMART Glb Hldgs's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.60	1.09	0.80	0.70
EPS Actual	2.16	1.39	0.87	0.78
Revenue Estimate	461.30M	415.57M	295.58M	290.93M
Revenue Actual	467.71M	437.73M	304.01M	291.70M

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).

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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.