Sanmina is set to report its second-quarter earnings this Monday after market hours. Analysts expect the electronics manufacturing services company to post revenue growth of 66.6% year on year, a sharp acceleration from the 10.9% increase recorded in the same quarter last year. Last quarter, Sanmina beat revenue expectations with $4.01 billion, up 102% year on year, and also exceeded EPS and adjusted operating income estimates. The company rarely misses Wall Street revenue estimates, and analysts have largely maintained their forecasts over the past 30 days. Sanmina shares are down 12.9% over the last month, heading into earnings with an average analyst price target of $240 compared to the current share price of $206.
Sanmina CorporationEarnings report expected with strong revenue growth, but shares have declined recently and analyst price target implies upside.