Sanmina Corp expected to post earnings of $1.36 a share - Earnings Preview

Sanmina

02/11/2024 03:48

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The San Jose California-based  company is expected to
report a
4.6% decrease in revenue to $1.957 billion from $2.05 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on July 29 2024, for the
period ended September 30, was for revenue between 1.90 billion
and 2.00 billion.
    * ​LSEG's mean analyst estimate for Sanmina Corp is for
earnings
of $1.36 per share. The company's EPS guidance on July 29 2024,
for the period ended September 30, was between 1.30 and 1.40 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 2 "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
$68.50​, below​ its last closing price of $71.35. ​​​

The company's guidance on July 29 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
100.7 million and 114 million.The company's guidance on July 29
2024 for the period ended September 30 was for Capital
Expenditures of 30 million.The company's guidance on July 29
2024 for the period ended September 30 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  
 Jun. 30 2024  1.28        1.28       1.25      Missed  -2.3
 Jan. 1 2024   1.19        1.20       1.30      Beat    8.3
 Dec. 31 2023  1.22        1.22       1.30      Beat    6.3​
 Sep. 30 2023  1.54        1.54       1.42      Missed  -7.5
 ​​Jun.        1.52        1.54       1.55      Beat    1
 30 2023                                                
 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. 30 2022  1.33        1.33       1.50      Beat    12.5
 This summary was machine generated November 2 at 03:47 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)