Earnings Preview: Sanmina
Portfolio Pulse from Benzinga Insights
Sanmina Corporation (NASDAQ:SANM) is scheduled to release its quarterly earnings report on January 29, 2024. Analysts predict an EPS of $1.22. Investors are looking for an earnings beat and positive guidance for future growth. Sanmina's stock performance has been negative over the past year, with shares down 7.6%. The stock price reacted significantly to past earnings performances, with a notable 14.33% drop after a miss last quarter.
January 26, 2024 | 2:01 pm
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Sanmina is expected to report an EPS of $1.22 in its upcoming earnings. Historical data shows significant stock movement post-earnings, with a 14.33% drop after last quarter's miss. Shares have declined 7.6% over the past year.
The short-term impact on SANM's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive future guidance. Given the stock's sensitivity to past earnings reports, a beat or miss could lead to significant price movement. However, the score is neutral (0) due to the uncertainty inherent in earnings reports and the mixed sentiment of long-term shareholders.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100