Sanmina-SCI Corp First Quarter Earnings Sneak Peek
Sanmina-SCI Corporation (NASDAQ:SANM) will unveil its latest earnings tomorrow, Monday, January 28, 2013. Sanmina-SCI is a provider of customized integrated electronics manufacturing services. It provides these services to original equipment, communications, enterprise computing, and storage and multimedia manufacturers.
Sanmina-SCI Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 29 cents per share, a rise of 26.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 29 cents during the last month. Analysts are projecting profit to rise by 0.8% compared to last year’s $1.25.
Last quarter, the company came in at profit of 46 cents per share against a mean estimate of net income of 29 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 3 cents.
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A Look Back: In the fourth quarter of the last fiscal year, profit rose 807.5% to $164.2 million ($1.97 a share) from $18.1 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 7% to $1.58 billion from $1.7 billion.
Here’s how Sanmina-SCI Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: