Sanmina (NASDAQ:SANM) reported its Q1 earnings results on Monday, January 31, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Sanmina beat estimated earnings by 13.68%, reporting an EPS of $1.08 versus an estimate of $0.95, which surprised analysts.
Revenue was up $2.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04, which was followed by a 7.62% drop in the share price the next day.
Here's a look at Sanmina's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 0.91 | 0.83 | 0.81 |
| EPS Actual | 0.95 | 0.99 | 1.01 | 1.02 |
| Revenue Estimate | 1.70B | 1.73B | 1.71B | 1.77B |
| Revenue Actual | 1.64B | 1.66B | 1.70B | 1.75B |
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 $0.95 and $1.05 per share for the next quarter.
This represents a -7.41% in quarter-over-quarter growth for Sanmina, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
