Sanmina Corp expected to post earnings of $1.45 a share - Earnings Preview

Sanmina

27/01/2023 23:02

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a rise
in
quarterly revenue when it reports  results on January 30. 
    * The San Jose California-based  company is expected to
report  a
22.3% increase in revenue to $2.15 billion from $1.76 billion a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on November 7 2022,
for the period ended December 31, was for revenue between 2.10
billion and 2.20 billion.
    * ​Refinitiv's mean analyst estimate for Sanmina Corp is for
earnings of $1.45 per share. The company's EPS guidance on
November 7 2022, for the period ended December 31, was between
1.41 and 1.51 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "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
$76​, above​ its last closing price of $56.28. ​​​

The company's guidance on November 7 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
111.3 million and 127.6 million.The company's guidance on
November 7 2022 for the period ended December 31 was for Capital
Expenditures of 50 million.The company's guidance on November 7
2022 for the period ended December 31 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  
 Sep. 30 2022  1.33        1.33       1.50      Beat    12.5
 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.        0.99        0.99       0.95      Missed  -4.2
 30 2021                                                
 Jun. 30 2021  0.91        0.91       0.99      Beat    8.7​
 Mar. 31 2021  0.84        0.84       1.01      Beat    21
 Dec. 31 2020  0.81        0.81       1.02      Beat    25.3
 This summary was machine generated January 27 at 23:02 GMT.  All
figures in US dollars  unless otherwise stated