Sanmina (NASDAQ:SANM) reported its Q3 earnings results on Monday, August 1, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Sanmina beat estimated earnings by 17.12%, reporting an EPS of $1.3 versus an estimate of $1.11.
Revenue was up $361.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 5.59% increase in the share price the next day.
Here’s a look at Sanmina’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.01 | 0.95 | 0.99 | 0.91 |
| EPS Actual | 1.14 | 1.08 | 0.95 | 0.99 |
| Revenue Estimate | 1.76B | 1.65B | 1.70B | 1.73B |
| Revenue Actual | 1.91B | 1.76B | 1.64B | 1.66B |
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 Q4 2022, expecting earnings between $1.27 and $1.37 per share.
To track all earnings releases for Sanmina visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
