Super Micro Computer, Inc. (SMCI) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of Super Micro Computer (SMCI)? Shares have been on the move with the stock up 39% over the past month. The stock hit a new 52-week high of $91.74 in the previous session. Super Micro Computer has gained 107.6% since the start of the year compared to the -30.5% move for the Zacks Computer and Technology sector and the -23.8% return for the Zacks Computer- Storage Devices industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 1, 2022, Super Micro reported EPS of $3.42 versus consensus estimate of $3.13 while it beat the consensus revenue estimate by 2.9%.
For the current fiscal year, Super Micro is expected to post earnings of $9.58 per share on $6.8 billion in revenues. This represents a 69.56% change in EPS on a 30.86% change in revenues. For the next fiscal year, the company is expected to earn $8.10 per share on $7.5 billion in revenues. This represents a year-over-year change of -15.5% and 10.35%, respectively.
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