Sanmina-SCI Corp First Quarter Earnings Sneak Peek

Sanmina-SCI Corp (NASDAQ:SANM) will unveil its latest earnings on Wednesday, January 18, 2012. Sanmina-SCI is a provider of customized integrated electronics manufacturing services. It provides these services to original equipment, communications, enterprise computing, and storage and multimedia manufacturers.

Sanmina-SCI Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 27 cents per share, a decline of 34.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 40 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 27 cents during the last month. Analysts are projecting profit to rise by 9.4% versus last year to $1.28.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 32 cents per share against a mean estimate of 37 cents. Two quarters ago, it beat expectations by 5 cents with net income of 35 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 6% in revenue from the year-earlier quarter to $1.56 billion.

Analyst Ratings: Analysts are bullish on Sanmina-SCI as five analysts rate it as a buy, two rate it as a sell and six rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 42.4% to $18.1 million (22 cents a share) from $31.4 million (38 cents a share) the year earlier, missing analyst expectations. Revenue rose 0.5% to $1.7 billion from $1.69 billion.

Key Stats:.

Revenue has risen the past four quarters. Revenue rose 3% in the third quarter of the last fiscal year from the year earlier, climbed 2.7% in the second quarter of the last fiscal year from the year-ago quarter and 12.5% in the first quarter of the last fiscal year.

The company has seen net income fall in each of the last two quarters. Net income dropped 56.4% in the third quarter of the last fiscal year.

Competitors to Watch: Jabil Circuit, Inc. (NYSE:JBL), TTM Technologies, Inc. (NASDAQ:TTMI), Benchmark Electronics, Inc. (NYSE:BHE), DDi Corp. (NASDAQ:DDIC), SigmaTron International (NASDAQ:SGMA), Celestica Inc. (NYSE:CLS), SMTC Corporation (NASDAQ:SMTX), Flextronics Intl. Ltd. (NASDAQ:FLEX), CTS Corporation (NYSE:CTS), and Kimball International (NASDAQ:KBALB).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $2.32 (28.6%) from $8.11 to $10.43. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 15.4% (+$1.60) over that span. It saw one of its worst periods between May 12, 2011 and May 24, 2011 when shares fell for nine-straight days, falling 14.8% (-$1.80) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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