Sandisk Trades at 7 Times Forward Earnings After 46% Drop From Record High

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โดย The Motley Fool·Read original
Summary · why it matters

Sandisk shares fell 10.8% on Friday and another 11% on Monday to close at $1,278.23, leaving the stock at about 43 times trailing earnings but roughly 7 times what analysts expect over the next 12 months. The trailing multiple reflects a blended past year that includes a loss-making quarter, while the forward multiple implies earnings per share of around $180, well above the $126 annualized run rate from management's own guidance for the fiscal fourth quarter. The company has signed five multi-year supply agreements under a new business model aimed at stabilizing pricing, and it carries a zero-debt balance sheet. The stock has now given back about 46% from its record high of $2,354.39, and its next quarterly results are due on Wednesday, August 5.

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