Mark your calendars for Monday 4th November 2024, as Sanmina Corporation (NASDAQ: SANM) will be revealing its fourth quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
The financial experts on Wall Street are predicting that the business will likely report an estimated $1.36 profit per share for the fourth quarter. Additionally, it is anticipated that the company will reveal a $1.96 billion revenue during the quarter.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $7.51 billion for the full year. Moreover, they anticipate the earnings per share to reach profit of $5.23 during the fiscal year.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $1.42. This numbers can be credited to the company's total revenue, which amounted to an impressive $2.05 billion during the same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q3 2024 | $1.25 | -19.4% | 1.84 B | -16.6% |
| Q2 2024 | $1.30 | -18.2% | 1.84 B | -20.9% |
| Q1 2024 | $1.30 | -20.7% | 1.88 B | -20.6% |
| Q4 2023 | $1.42 | -5.3% | 2.05 B | -6.9% |
| Q3 2023 | $1.55 | +19.2% | 2.21 B | +9.3% |
| *Growth on year-over-year basis | ||||
SANM will host a conference call with investment community on 4th November 2024 at 04:30 PM eastern time to discuss the financial results.
Throughout Friday's trading, Sanmina Corporation (SANM) shares fluctuated between $70.38 and $71.87, with a trading volume of 309.20 thousand shares. The stock ended the regular trading session at $71.35, reflecting an advance of 1.78 percent.
