Sanmina-SCI Corp Fourth Quarter Earnings Sneak Peek

Sanmina-SCI Corp (NASDAQ:SANM) will unveil its latest earnings on Tuesday, November 1, 2011. 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 profit of 37 cents per share, a decline of 11.9% 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 38 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 37 cents during the last month. For the year, analysts are projecting net income of $1.38 per share, a rise of 17.9% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 35 cents per share against a mean estimate of net income of 30 cents per share. In the second quarter, it missed forecasts by 6 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.66 billion in revenue this quarter, a decline of 1.8% from the year ago quarter. Analysts are forecasting total revenue of $6.57 billion for the year, a rise of 4% from last year’s revenue of $6.32 billion.

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

A Look Back: In the third quarter, profit fell 56.4% to $9.4 million (11 cents a share) from $21.6 million (26 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 3% to $1.67 billion from $1.63 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 2.7% in the second quarter from the year earlier, climbed 12.5% in the first quarter from the year-ago quarter and 24.7% in the fourth 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 September 28, 2011 to October 26, 2011, the stock price had risen $1.51 (21.8%) from $6.92 to $8.43. 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. Shares are down $3.05 (-26.6%) year to date.

(Source: Xignite Financials)

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