Sanmina Corp expected to post earnings of $1.36 a share - Earnings Preview

Reuters11-02

* Sanmina Corp is expected to show a fall in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The San Jose California-based company is expected to report a 4.6% decrease in revenue to $1.957 billion from $2.05 billion a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on July 29 2024, for the period ended September 30, was for revenue between 1.90 billion and 2.00 billion.

* ​LSEG's mean analyst estimate for Sanmina Corp is for earnings of $1.36 per share. The company's EPS guidance on July 29 2024, for the period ended September 30, was between 1.30 and 1.40

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and 2 "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 $68.50​, below​ its last closing price of $71.35. ​​​

The company's guidance on July 29 2024 for the period ended September 30 was for Earnings before Interest and Taxes between 100.7 million and 114 million.The company's guidance on July 29 2024 for the period ended September 30 was for Capital Expenditures of 30 million.The company's guidance on July 29 2024 for the period ended September 30 was for gross profit margin between 8.3% and 8.8%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 1.28 1.28 1.25 Missed -2.3

Jan. 1 2024 1.19 1.20 1.30 Beat 8.3

Dec. 31 2023 1.22 1.22 1.30 Beat 6.3​

Sep. 30 2023 1.54 1.54 1.42 Missed -7.5

​​Jun. 1.52 1.54 1.55 Beat 1

30 2023

Mar. 31 2023 1.55 1.55 1.59 Beat 2.6​

Dec. 31 2022 1.45 1.45 1.64 Beat 13.3

Sep. 30 2022 1.33 1.33 1.50 Beat 12.5

This summary was machine generated November 2 at 03:47 GMT. 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)

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