SMART Glb Hldgs (NASDAQ:SGH) reported its Q3 earnings results on Thursday, June 29, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
SMART Glb Hldgs beat estimated earnings by 65.0%, reporting an EPS of $0.66 versus an estimate of $0.4.
Revenue was down $79.21 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 5.2% increase in the share price the next day.
Here’s a look at SMART Glb Hldgs’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.57 | 0.65 | 0.75 |
| EPS Actual | 0.76 | 0.79 | 0.80 | 0.87 |
| Revenue Estimate | 434.93M | 447.70M | 440.00M | 455.17M |
| Revenue Actual | 429.17M | 465.48M | 437.70M | 462.54M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
SMART Glb Hldgs management provided guidance for Q4 2023, expecting earnings between $0.3 and $0.6 per share.
To track all earnings releases for SMART Glb Hldgs visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
