SMART Glb Hldgs: Q3 Earnings Insights

SMART Glb Hldgs SGH reported its Q3 earnings results on Thursday, June 29, 2023 at 04:05 PM.

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

SMART Glb Hldgs beat estimated earnings by 65.0%, reporting an EPS of $0.66 versus an estimate of $0.4.

Revenue was down $79.21 million from the same period last year.

Last quarter the company beat on EPS by $0.16 which was followed by a 5.2% increase in the share price the next day.

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

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.60	0.57	0.65	0.75
EPS Actual	0.76	0.79	0.80	0.87
Revenue Estimate	434.93M	447.70M	440.00M	455.17M
Revenue Actual	429.17M	465.48M	437.70M	462.54M

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 Q4 2023, expecting earnings between $0.3 and $0.6 per share.

To track all earnings releases for SMART Glb Hldgs visit their earnings calendar here.

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