(SMOD) - SMART Modular Tech - PEG ratio of 0.78 - Revenue increased 50% to $237.2 million

SMOD has a history of exceeding earnings estimates. The company has done so in each of the past four quarters by an average margin of about 14%. Four analysts have raised their forecasts for this year. Similarly, the company's average broker rating has improved from 1.5 to 1.4 over the past month. Over the past two months, this year's earnings estimates have increased seven cents to 89 cents per share. Full Analysis SMART Modular Technologies (WWH), Inc. (SMOD) engages in the design, manufacture, and supply of value added subsystems to original equipment manufacturers (OEM). The company offers a range of subsystem products that include memory modules and cards, embedded computing subsystems, and thin film transistor liquid crystal display products. SMOD also provides design, manufacturing, testing, and logistics services, as well as product-related logistics and services, such as procurement, inventory management, repair, test, warranty, retail and bulk packaging, and drop shipping services. Its products and services are used for a range of applications in the computing, networking, communications, printers, storage, and industrial markets worldwide. The company reported fiscal first-quarter earnings that exceeded estimates by almost 10%. Earnings per share came in at 23 cents versus the 21-cent consensus. Revenue increased 50% to $237.2 million from $158.3 million in the year-ago quarter. "We are pleased to deliver results that exceeded the high end of our revised guidance as we continue our track record of profitable growth," stated Iain MacKenzie, President and CEO of SMART. "Our value-add customer application focus has continued to bring us success in leveraging our strengths as the largest independent OEM focused manufacturer of electronic subsystems. Additionally, we have made progress in our revenue diversification strategy with another key design win in our Embedded and Display Group." SMOD has a history of exceeding earnings estimates. The company has done so in each of the past four quarters by an average margin of about 14%. Four analysts have raised their forecasts for this year. Similarly, the company's average broker rating has improved from 1.5 to 1.4 over the past month. Over the past two months, this year's earnings estimates have increased seven cents to 89 cents per share. The stock is currently trading at 11.7x next year's estimates of $1.07 per share, below the projected long-term growth rate of 15%, giving the stock a PEG ratio of 0.78. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home