Super Micro Computer, Inc. (NASDAQ:SMCI) is projected to declare fiscal third quarter financial results right before the stock market’s official open on April 25, 2017. The stock lost about -12.6 percent in price since last results when it was at $28.55 a share. Based on the most relevant past-periods data, there is an 60.71 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 17 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 1 time.
Here’s how traders responded to SMCI earnings announcements over the past few quarters.
Super Micro Computer, Inc. (SMCI) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 22.68 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.43 which beat the consensus $0.42 projection (positive surprise of2.38%. For the quarter, revenue came in at 651.95M versus consensus estimate of 609.2M. The stock dropped -6.48 percent the session following the earnings reports were released, and on 7th day price change was -10.68 percent.
On October 27, 2016, it reported earnings at $0.26 a share compared with the consensus estimate of $0.15 per share (positive surprise of 73.33%). Revenue of 528.97M for that quarter was above the $503.64M analysts had expected. The stock climbed 10.41% the day following the earnings announcement, and on 7th day price change was 1.13%.
On August 4, 2016, it recorded $0.13 a share in earnings which topped the consensus estimate of $0.12 (positive surprise of 8.33%). Revenue for the quarter was $524.27M while analysts called for revenues to be $534.16M. The stock gained 5.19% the day following the earnings data was made public, and on 7th day price change was 5.97%.
On April 28, 2016, it announced earnings per share at $0.32 versus the consensus estimate of $0.3 per share (positive surprise of 6.67%). That came on revenues of $532.72M for that period. Analysts had expected $530.85M in revenue.
Super Micro Computer, Inc. Earnings Estimates
As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.41. The analysts’ present consensus range is $0.31-$0.53 for EPS. The market consensus range for revenue is between $580M and $654.05M, with an average of $607.94M.
Super Micro Computer, Inc. (NASDAQ:SMCI) last ended at $25, sending the company’s market cap near $1.21B. The consensus 12-month price target from analysts covering the stock is $33.83. The share price has declined -27.93% from its top level in 52 weeks and advanced -10.87% this year. It recently traded in a range of $24.8-$25.3 at a volume of 185721 shares. The recent trading ended with the price nearly -0.2 lower for the last 5 trading days, rebounding 34.41% from its 52-week low.