Super Micro Computer Inc. shares slipped 3.1 percent to $35.62 in the previous trading session and are down around 4 percent over the past month, even as analysts project massive growth for the server maker. Analysts estimate Supermicro will report quarterly revenue of $14.77 billion, a roughly 194% increase from a year earlier, with earnings of $1.06 a share, up more than 200%. For the full fiscal year, the Street sees $67.12 billion in revenue, up roughly 72%, and earnings of $4.43 a share. Despite those numbers, Supermicro's price-to-forward earnings ratio sits around 8.3, below the industry average of about 10.9, and its PEG ratio of 0.63 is well under the industry average of 1.44. The coming earnings report will test whether those sales gains can translate into the earnings and performance investors want to see.
Super Micro Computer IncShares slipped despite analysts projecting ~194% revenue growth and a low forward P/E, with the coming earnings report the key test of whether sales gains translate into earnings.
