Sanmina Corp reports results for the quarter ended in June - Earnings Summary

Sanmina

29/07/2024 22:01

* Sanmina Corp  SANM.OQ  reported quarterly adjusted
earnings of
$1.25​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.55. 
The mean expectation of five analysts for the quarter was
for earnings of $1.28 per share. Wall Street expected results to
range from $1.26  to $1.31 per share.
    * Revenue fell 16.6% to $1.84 billion from a year ago;
analysts
expected $1.86 billion. 
    * Sanmina Corp's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $51.6
million.
    * Sanmina Corp shares had risen by 12.2% this quarter and
gained 44.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Sanmina Corp is
$69.50 
This summary was machine generated from LSEG data July 29 at
09:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.28           1.25           Missed
 Mar. 31 2024      1.20           1.30           Beat
 Dec. 31 2023      1.22           1.30           Beat
 Sep. 30 2023      1.54           1.42           Missed