During the last trading session, SMART Global Holdings, Inc. (SGH) closed at 28.59 USD, marking an increase of + 0.49% over the previous day. The stock outperformed the S & P 500's 0.3% daily gain. At the same time, the Dow gained 0.46% and the Nasdaq, a technology-driven index, added 0.08%.

Prior to today's trading, the company's shares had gained 24.29% in the last month. This exceeded the 7.64% gain in IT and Technology and the 5.93% gain for the S & P 500 over this period.

Investors hope that SGH will strengthen in the run-up to the release of its next results. In this report, analysts expect SGH to post a profit of $ 0.75 per share. This would mark a drop of one year on the other by 56.65%. Our most recent consensus is announcing as a quarterly business figure of $ 317.21 million, up 1.03% over last year.

For the full year, our consensus Zacks estimates a profit of $ 4.67 per share and $ 1.41 billion in sales, which would represent -26.57% and + 9.76% compared to the previous year.

Investors may also notice recent changes made to the analyst's estimates for GHS. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.

Research indicates that these revisions of estimates are directly correlated to short-term stock price dynamics. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes into account these changes in estimates and provides a usable scoring system.

The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It has been remarkably successful, unverified, with No. 1 stock offering an average annual return of + 25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained stagnant. SGH is currently ranked 4 in the category Zacks (Sell).

Investors should also note the current valuation parameters of SGH, including its P / E ratio of 6.09. This represents a discount to the average of 16.18 forward advances in its industry.

It should also be mentioned that SGH has a PEG ratio of 0.41. This measure is used in the same way as the famous P / E ratio, but the PEG ratio also takes into account the growth rate of expected earnings from the action. The electronics – semiconductors held an average PEG ratio of 1.47 at the closing price of yesterday.

The Electronics – Semiconductors sector is part of the IT and Technology sector. This group has a ranking of 143 on the Zacks industry, placing it in the bottom 44% of more than 250 industries.

The Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all these stock transfer steps, and more, on Zacks.com.

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SMART Global Holdings, Inc. (SGH): Free Stock Analysis Report

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Zacks Investment Research