Sanmina Corp expected to post earnings of $1.33 a share - Earnings Preview

Sanmina

05/11/2022 24:19

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 7. 
    * The San Jose California-based  company is expected to
report  a
22.3% increase in revenue to $2.011 billion from $1.64 billion a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. The company's guidance on August 1 2022, for
the period ended September 30, was for revenue between 1.95
billion and 2.05 billion.
    * ​Refinitiv's mean analyst estimate for Sanmina Corp is for
earnings of $1.33 per share. The company's EPS guidance on
August 1 2022, for the period ended September 30, was between
1.27 and 1.37 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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
$55.5​, below​ its last closing price of $57.49. ​​​

The company's guidance on August 1 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
97.5 million and 114.8 million.The company's guidance on August
1 2022 for the period ended September 30 was for Capital
Expenditures of 45 million.The company's guidance on August 1
2022 for the period ended September 30 was for gross profit
margin between 8.1% and 8.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.99        0.99       0.95      Missed  -4.2
 ​​Jun.        0.91        0.91       0.99      Beat    8.7
 30 2021                                                
 Mar. 31 2021  0.84        0.84       1.01      Beat    21​
 Dec. 31 2020  0.81        0.81       1.02      Beat    25.3
 Sep. 30 2020  0.78        0.78       1.10      Beat    41.9
 This summary was machine generated November 5 at 00:19 GMT.  All
figures in US dollars  unless otherwise stated