Sanmina-SCI Corp Third Quarter Earnings Sneak Peek

Sanmina-SCI Corp (NASDAQ:SANM) will unveil its latest earnings on Monday, July 25, 2011. Sanmina-SCI Corporation is provider of customized, integrated electronics manufacturing services. It provides these services to original equipment manufacturers, in the communications, enterprise computing and storage, multimedia etc.

Sanmina-SCI Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 30 cents per share, a rise of 3.4% 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 34 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 30 cents during the last month. For the year, analysts are projecting profit of $1.32 per share, a rise of 12.8% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of 20 cents per share versus a mean estimate of profit of 26 cents per share. In first quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.65 billion in revenue this quarter, a rise of 1.2% from the year ago quarter. Analysts are forecasting total revenue of $6.6 billion for the year, a rise of 4.4% from last year’s revenue of $6.32 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sanmina-SCI with seven of 12 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 2.7% to $1.57 billion in second quarter. The figure rose 12.5% in the first quarter from the year earlier, climbed 24.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 34.4% 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 April 21, 2011 to July 19, 2011, the stock price had fallen $1.83 (-16.3%) from $11.25 to $9.42. 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 $2.06 (-17.9%) year to date.

(Source: Xignite Financials)

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