Sanmina Corp expected to post earnings of $1.22 a share - Earnings Preview

Sanmina

26/01/2024 21:09

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a fall
in
quarterly revenue when it reports  results on January 29 for the
period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
20.8% decrease in revenue to $1.87 billion from $2.36 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on November 6 2023, for the
period ended December 31, was for revenue between 1.85 billion
and 1.95 billion.
    * ​LSEG's mean analyst estimate for Sanmina Corp is for
earnings
of $1.22 per share. The company's EPS guidance on November 6
2023, for the period ended December 31, was between 1.20 and
1.30 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sanmina
Corp is
$62.00​, above​ its last closing price of $51.32. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
98.05 million and 111.15 million.The company's guidance on
November 6 2023 for the period ended December 31 was for Capital
Expenditures of 40 million.The company's guidance on November 6
2023 for the period ended December 31 was for gross profit
margin between 8.3% and 8.8%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.54        1.54       1.42      Missed  -7.5
 Jun. 30 2023  1.52        1.54       1.55      Beat    1
 Mar. 31 2023  1.55        1.55       1.59      Beat    2.6​
 Dec. 31 2022  1.45        1.45       1.64      Beat    13.3
 ​​Sep.        1.33        1.33       1.50      Beat    12.5
 30 2022                                                
 Jun. 30 2022  1.12        1.11       1.30      Beat    16.7​
 Mar. 31 2022  1.01        1.01       1.14      Beat    12.7
 Dec. 31 2021  0.95        0.95       1.08      Beat    13.7
 This summary was machine generated January 26 at 21:09 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)