Sanmina Corp expected to post earnings of $1.55 a share - Earnings Preview

Sanmina

10/05/2023 02:18

* Sanmina Corp  SANM.OQ   SANM.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 11. 
    * The San Jose California-based  company is expected to
report  a
17.9% increase in revenue to $2.253 billion from $1.91 billion a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on January 30 2023,
for the period ended March 31, was for revenue between 2.20
billion and 2.30 billion.
    * ​Refinitiv's mean analyst estimate for Sanmina Corp is for
earnings of $1.55 per share. The company's EPS guidance on
January 30 2023, for the period ended March 31, 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 $52.85. ​​​

The company's guidance on January 31 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between 121
million and 138 million.The company's guidance on January 30
2023 for the period ended March 31 was for Capital Expenditures
of 50 million.The company's guidance on January 30 2023 for the
period ended March 31 was for gross profit margin between 8.2%
and 8.7%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.45        1.45       1.64      Beat    13.3
 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.        0.95        0.95       1.08      Beat    13.7
 31 2021                                                
 Sep. 30 2021  0.99        0.99       0.95      Missed  -4.2​
 Jun. 30 2021  0.91        0.91       0.99      Beat    8.7
 Mar. 31 2021  0.84        0.84       1.01      Beat    21
 This summary was machine generated May 10 at 01:18 GMT.  All
figures in US dollars  unless otherwise stated