Posted On: 04/27/2015 12:17:00 PM
Post# of 145213
$SIMO Reports Earnings Today and Should Beat With A Positive Earnings Surprise.
SIMO has had a positive earnings surprise for the last 7 quarters in a row. Will they continue that streak when they report earnings after market close today? I think so.
The EPS forecast has been rising rapidly over the last 90 days from $0.40 per share to $0.44.
The company has an excellent PEG of 0.31 which suggests it is undervalued in relation to its earnings growth. The P/E of 6.86 and forward P/E of 13.15 suggest the company is undervalued in relation to its earnings.
The stock chart shows a 61.8% Fib retracement took place last week but was quickly bought up as evidenced from the long tail:
Source: Silicon Motion Technology Stock Shocking PEG of 0.31
SIMO has had a positive earnings surprise for the last 7 quarters in a row. Will they continue that streak when they report earnings after market close today? I think so.
The EPS forecast has been rising rapidly over the last 90 days from $0.40 per share to $0.44.
The company has an excellent PEG of 0.31 which suggests it is undervalued in relation to its earnings growth. The P/E of 6.86 and forward P/E of 13.15 suggest the company is undervalued in relation to its earnings.
The stock chart shows a 61.8% Fib retracement took place last week but was quickly bought up as evidenced from the long tail:
Source: Silicon Motion Technology Stock Shocking PEG of 0.31
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