Posted 12/21/2023, 10:45:20 PM
Super Micro Computer Stock Rises Slightly But Trails Broader Market; Solid Earnings Growth Expected
- Super Micro Computer (SMCI) stock rose 0.7% today but underperformed the broader market
- SMCI earnings are expected to rise 40.18% year-over-year in the upcoming quarterly report
- Analysts forecast SMCI full-year earnings and revenue growth of 42.93% and 47.4%, respectively
- There have been no recent revisions to SMCI analyst estimates or its Zacks Ranking
- SMCI trades at a forward P/E ratio of 17.9, representing a discount to its industry average of 19.68