Sanmina Corp expected to post earnings of $1.54 a share - Earnings Preview

Sanmina

29/07/2023 03:02

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 31. 
    * The San Jose California-based  company is expected to
report  a
11.4% increase in revenue to $2.25 billion from $2.02 billion a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on May 11 2023, for
the period ended June 30, was for revenue between 2.20 billion
and 2.30 billion.
    * ​Refinitiv's mean analyst estimate for Sanmina Corp is for
earnings of $1.54 per share. The company's EPS guidance on May
11 2023, for the period ended June 30, was between 1.50 and
1.60 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "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
$77​, above​ its last closing price of $59.89. ​​​

The company's guidance on May 11 2023 for the period ended June
30 was for Earnings before Interest and Taxes between 121
million and 138 million.The company's guidance on May 11 2023
for the period ended June 30 was for Capital Expenditures of 60
million.The company's guidance on May 11 2023 for the period
ended June 30 was for gross profit margin between 8.2% and 8.7%.
This summary was machine generated July 29 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated