Sanmina SANM reported its Q1 earnings results on Monday, January 31, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Sanmina beat estimated earnings by 13.68%, reporting an EPS of $1.08 versus an estimate of $0.95, which surprised analysts.
Revenue was up $2.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04, which was followed by a 7.62% drop in the share price the next day.
Here's a look at Sanmina's past performance:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Sanmina management provided guidance for their next quarter, expecting earnings between $0.95 and $1.05 per share for the next quarter.
This represents a -7.41% in quarter-over-quarter growth for Sanmina, a bearish signal to many investors.
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