* Sanmina Corp reported quarterly adjusted earnings of $1.43 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.42. The mean expectation of five analysts for the quarter was for earnings of $1.36 per share. Wall Street expected results to range from $1.34 to $1.39 per share.
* Revenue fell 1.7% to $2.02 billion from a year ago; analysts expected $1.96 billion.
* Sanmina Corp's reported EPS for the quarter was $1.09.
* The company reported quarterly net income of $61.38 million.
* Sanmina Corp shares had risen by 6.4% this quarter and gained 41.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* 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 average consensus recommendation for the electronic equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for Sanmina Corp is $68.50 This summary was machine generated from LSEG data November 5 at 07:44 a.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
Sep. 30 2024 1.36 1.43 Beat
Jun. 30 2024 1.28 1.25 Missed
Mar. 31 2024 1.20 1.30 Beat
Dec. 31 2023 1.22 1.30 Beat
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