Super Micro Computer Q3 Earnings Beat Estimates
Super Micro Computer (NASDAQ: SMCI) came out with quarterly earnings of $6.65 per share, beating the Zacks Consensus Estimate of $5.78 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was expected that this server technology company would post earnings of $5.48 per share when it actually produced earnings of $5.59, delivering a surprise of 2.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Super Micro, which belongs to the Zacks Computer- Storage Devices industry, posted revenues of $3.85 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $1.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
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