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

Sanmina

24/01/2025 21:32

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a rise
in
quarterly revenue when it reports  results on January 27 for the
period ending December 31 2024
    * The San Jose California-based  company is expected to
report a
5.6% increase in revenue to $1.98 billion from $1.87 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on November 4 2024, for the
period ended December 31, was for revenue between 1.93 billion
and 2.03 billion.
    * ​LSEG's mean analyst estimate for Sanmina Corp is for
earnings
of $1.36 per share. The company's EPS guidance on November 4
2024, for the period ended December 31, 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," no
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Sanmina
Corp is
$84.00​, above​ its last closing price of $83.65. ​​​

The company's guidance on November 4 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
102.025 million and 115.425 million.The company's guidance on
November 4 2024 for the period ended December 31 was for Capital
Expenditures of 30 million.The company's guidance on November 4
2024 for the period ended December 31 was for gross profit
margin between 8.4% 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 2024  1.36        1.36       1.43      Beat    5
 Jun. 30 2024  1.28        1.28       1.25      Missed  -2.3
 Mar. 31 2024  1.19        1.20       1.30      Beat    8.3​
 Dec. 31 2023  1.22        1.22       1.30      Beat    6.3
 ​​Sep.        1.54        1.54       1.42      Missed  -7.5
 30 2023                                                
 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
 This summary was machine generated January 24 at 21:32 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)