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SMART Global Q1 Earnings and Analyst Ratings SMART Global Holdings Set to Report Lower Q1 Earnings – A Look At Recent Analyst Data

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SMART Global Holdings, Inc. SGH is set to release financial results for its first quarter fiscal year 2024, after the closing bell on Jan. 9, 2024.

Market analysts anticipate the company to disclose quarterly earnings at 16 cents per share, marking a significant downturn from year-ago earnings of 79 cents per share. The company’s revenue might register at $275 million for the latest quarter, as per data from Benzinga Pro.

In October, SMART Global reported fourth-quarter financial results that fell short of expectations and issued first-quarter guidance below estimates.

SMART Global shares closed at $18.24 on Monday, marking a 2.5% gain.

For detailed analyst ratings for SMART Global, readers can access the latest insights on the Analyst Stock Ratings page. The ratings can be sorted by stock ticker, company name, analyst firm, rating change, or other variables.

We can delve into how Benzinga’s most-accurate analysts have rated the company in recent times.

  • Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $35 on Oct. 19, 2023. This analyst boasts an impressive accuracy rate of 77%.
  • Needham analyst Quinn Bolton maintained a Buy rating with a price target of $22 on Oct. 13, 2023. This analyst has an accuracy rate of 83%.
  • Deutsche Bank analyst Sidney Ho maintained a Buy rating and raised the price target from $20 to $28 on June 14, 2023. This analyst also holds an accuracy rate of 83%.

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