Top-Rated SMART Global Holdings Stock Near Buy Zone With Earnings Due

SMART Global Holdings (SGH) stock is forming a base offering a 58.49 buy point as it gets ready to report earnings on Oct. 1. The pattern is a first-stage consolidation.


Understand that it’s risky to buy any stock just before it reports. You can minimize your risk by waiting to see how the company reports and how the market reacts. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.

See How IBD Helps You Make More Money In Stocks

Sees Robust Growth

Taking a look at revenue and profit performance, the company has posted rising EPS growth over the last two quarters. Revenue gains have also risen during the same period.

Analysts expect earnings growth of 95% for the quarter, and 80% growth for the full year.

SMART Global Holdings stock has a 91 Composite Rating and earns the No. 2 rank among its peers in the Computer Software-Storage industry group. Pure Storage (PSTG) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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