SMART Global Holdings Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

SMART Global Holdings, Inc. SGH is expected to release financial results for its fourth quarter fiscal year 2023, after the closing bell on Oct. 12, 2023.

Analysts expect the company to post quarterly earnings at 45 cents per share, down from year-ago earnings of 80 cents per share. The company’s revenue might come in at $375.04 million, compared to $437.7 million in the year-ago period.

SMART Global shares fell 0.5% to close at $24.23 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Needham analyst Ravindra Gill reiterated a Buy rating with a price target of $37 on July 14, 2023. This analyst has an accuracy rate of 83%.
• Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $35 on July 11, 2023. This analyst has an accuracy rate of 80%.
• Deutsche Bank analyst Sidney Ho maintained a Buy rating and boosted the price target from $20 to $28 on June 14, 2023. This analyst has an accuracy rate of 86%.
• Stifel analyst Jonathan Atkin maintained a Buy rating and cut the price target from $28 to $27 on April 5, 2023. This analyst has an accuracy rate of 75%.

Read This Next: Investor Fears Ease Further Ahead Of More Inflation Data: Here's Why