Super Micro Computer Inc reports results for the quarter ended September 30 - Earnings Summary

• Super Micro Computer Inc reported quarterly adjusted earnings of $1.81​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of eighteen analysts for the quarter was for earnings of $1.23 per share. Wall Street expected results to range from 80 cents to $1.87 per share.

• Revenue rose 297.5% to $19.95 billion from a year ago; analysts expected $16.39 billion.

• Super Micro Computer Inc's reported EPS for the quarter was $1.75​.

• The company reported quarterly net income of $1.59 billion.

• Super Micro Computer Inc shares had fallen by 25.9% this quarter and gained 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 63.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 12 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is "buy."

• Wall Street's median 12-month price target for Super Micro Computer Inc is $45.00, about 32.4% above its last closing price of $30.44

This summary was machine generated from LSEG data November 3 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)