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 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 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 |