Alert: New Earnings Report (11/6/23)-Sanmina Corp (NASDAQ: SANM).


Sanmina Corp (NASDAQ: SANM) has reported earnings for its fourth fiscal quarter (ending September 30) of $1.08 versus $1.01 for the same period a year ago — an increase of 7%. However, this result fell short of the consensus estimate of $1.53 by $-0.46. For the latest four quarters through September 30, E.P.S. were $5.36 versus $3.92 for the same period a year ago — an increase of 37%.


Recent Price Action

Sanmina Corp (NASDAQ: SANM) stock declined by -1.0% on 11/6/23. The shares closed at $52.81. The stock has performed in line with the market over the last nine months and has risen 4.1% during the last week.

Current PriceTarget Research Rating

SANM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Sanmina has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sanmina has a neutral Appreciation Score of 60 and a slightly positive Power Rating of 61, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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