Super Micro Forecasts Point to Strong Sales, Mixed Estimate Changes

Zacks consensus estimates point to strong sales growth at Super Micro Computer, with projected revenue of $14.81 billion for the current quarter, up 195.1% from a year earlier. The current-quarter earnings estimate is $1.06 per share, down 1.1% over the past 30 days.

For the current fiscal year, analysts tracked by Zacks forecast earnings of $4.37 per share and sales of $67.01 billion. Those estimates imply year-over-year increases of 20.4% and 71.5%, respectively. Next fiscal year’s consensus forecasts are $5.13 per share in earnings and $78.82 billion in sales.

Super Micro shares returned 10.7% over the past month, according to Zacks. The Zacks S&P 500 composite gained 0.6%, while the Zacks Computer-Storage Devices industry rose 11.5% over the same period.

In its last reported quarter, the company posted revenue of $11.12 billion, up 93.2% from a year earlier, and earnings of $1.70 per share, compared with $0.41. Revenue exceeded the Zacks consensus estimate of $11 billion by 1.09%, while the earnings result was 150% above consensus.

The company beat consensus earnings estimates in each of the past four quarters, Zacks said, but topped revenue estimates twice during that period.