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

Sanmina

04/11/2023 01:24

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The San Jose California-based  company is expected to
report  a
2.3% decrease in revenue to $2.152 billion from $2.2 billion a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data. The company's guidance on July 31 2023, for the
period ended September 30, was for revenue between 2.10 billion
and 2.20 billion.
    * ​Refinitiv's mean analyst estimate for Sanmina Corp is for
earnings of $1.54 per share. The company's EPS guidance on July
31 2023, for the period ended September 30, was between 1.47 and
1.57 
    * 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 $53.36. ​​​

The company's guidance on July 31 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
115.5 million and 132 million.The company's guidance on July 31
2023 for the period ended September 30 was for Capital
Expenditures of 50 million.The company's guidance on July 31
2023 for the period ended September 30 was for gross profit
margin between 8.3% and 8.8%.
This summary was machine generated November 4 at 01:24 GMT.  All
figures in US dollars  unless otherwise stated