Super Micro Computer Inc (NASDAQ: SMCI) has reported E.P.S. of $7.13 for its third fiscal quarter (ending March 31) versus $1.61 for the same period a year ago — an increase of 343%. However, this performance was $-0.06 short of the consensus estimate of $7.19. E.P.S. were $19.35 for the latest four quarters through March 31 versus $11.12 for the same period a year ago — an increase of 74%.
Recent Price Action
Super Micro Computer Inc (NASDAQ: SMCI) stock closed at $858.80 on 4/30/24 after a decline of -3.5%. However, below average trading volume at 82% of normal accompanied the decline. The stock has risen 19.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SMCI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Super Micro Computer has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Super Micro Computer has a neutral Appreciation Score of 43 but a very high Power Rating of 100, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment