Super Micro Computer (SMCI) is set to report earnings after the bell as it looks to turn around the stock's recent slide and address concerns about its accounting practices.

Analysts have a cautious view of the server manufacturer. Three of the four analysts tracked by Visible Alpha gave the stock a "hold" rating, and the other analyst issued a "sell" rating. However, the average price target of $44.88 suggests that analysts expect the stock will recover from its recent losses, but not quite to the heights it 澳洲幸运5官方开奖结果体彩网:reached earlier this year.

For the first quarter of fiscal 2025, analysts expect Super Micro will report revenue around $6.43 billion, more than triple last year's $2.12 billion. The tech company's profits are also expected to more than double to $414.67 million, compared to $157 million a year ago, according to estimates compiled by Visible Alpha.

Results Foll⭕ow Delayed Annuaꦆl Report, Auditor Resignation

Super Micro's 澳洲幸运5官方开奖结果体彩网:sales have benefitted from the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom as demand for its hardware to power AI products has swelled, but its stock hasn't matched the performance of its surging sales in recent months as 澳洲幸运5官方开奖结果体彩网:earnings have fallen short on higher costs. Also, questions have been raised about the company's accounting practices.

After its 澳洲幸运5官方开奖结果体彩网:stock had already tumbled in August, 澳洲幸运5官方开奖结果体彩网:short seller Hindenburg Research 澳洲幸运5官方开奖结果体彩网:issued a report accusing Super Micro of accounting manipulation and other issues. 澳洲幸运5官方开奖结果体彩网:A day later, the company informed the 澳洲幸运5官方开ꦛ奖结果体彩网:Securit𒀰ies and Exchange Commission (SEC) that the filing of its 澳洲幸运5官方开奖结果体彩网:annual 10-K would be delayed.

The company is also 澳洲幸运5官方开奖结果体彩网:reportedly facing investigations from the Department of Justice (DOJ) into its accounting practices. Last week, the 澳洲幸运5官方开奖结果体彩网:accounting firm EY resigned as Super Micro's auditor, citing a number of concerns with the results of its ꦏown investigation into Super Micro's accounting.

Super Micro shares were up Tuesday afternoon to $26.25. That's narrowly below where they started the year, but nearly 80% lower than the heights of over $118 it reached in March.