Sanmina SANM reported its Q4 earnings results on Monday, November 8, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Sanmina their estimated earnings by 4.04%, reporting an EPS of $0.95 versus an estimate of $0.99, which did not surprise analysts.
Revenue was up $231,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 0.18% increase in the share price the next day.
Here's a look at Sanmina's past performance:
Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|
EPS Estimate | 0.91 | 0.83 | 0.81 | 0.77 |
EPS Actual | 0.99 | 1.01 | 1.02 | 1.10 |
Revenue Estimate | 1.73B | 1.71B | 1.77B | 1.79B |
Revenue Actual | 1.66B | 1.70B | 1.75B | 1.88B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sanmina management provided guidance for their next quarter, expecting earnings between $0.93 and $1.03 per share for the nextquarter.
This represents a 3.16% in quarter-over-quarter growth for Sanmina, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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