Super Micro Computer (SMCI) Stock: What to Expect From Earnings Today

TLDR

• SMCI heads into August 11 fiscal Q4 earnings with Wall Street expecting EPS of $0.92 and revenue of $11.60 billion, up roughly 101% year over year.
• A preliminary update revealed a record backlog of over $60 billion and gross margin guidance of 15%–17%, nearly double prior guidance.
• Options markets are pricing in a post-earnings swing of 16%–19% in either direction.
• Analyst consensus sits at Hold, with an average price target of around $39.21, implying roughly 25%–30% upside from current levels.
• Czech National Bank lifted its stake by 16.9% in Q2, while institutional investors collectively own 84.06% of the stock.

Super Micro Computer (SMCI) opened at $31.13 on Monday, trading near its 50-day moving average of $31.26. The stock has ranged between $19.48 and $58.78 over the past 12 months.

Super Micro Computer, Inc., SMCI

All eyes are on August 11, when SMCI reports fiscal Q4 earnings. Wall Street is looking for EPS of $0.92, which would be more than double year over year, and revenue of around $11.60 billion, up roughly 101%.

… Continue reading the full article at the original source below.