Last week saw the newest quarterly earnings release from Sanmina Corporation (NASDAQ:SANM), an important milestone in the company's journey to build a stronger business. Revenues were US$2.0b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$1.16 were also better than expected, beating analyst predictions by 14%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Sanmina after the latest results.
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Taking into account the latest results, the most recent consensus for Sanmina from twin analysts is for revenues of US$8.10b in 2025. If met, it would imply a reasonable 3.2% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 4.2% to US$4.72. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$8.19b and earnings per share (EPS) of US$4.78 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
View our latest analysis for Sanmina
There were no changes to revenue or earnings estimates or the price target of US$88.50, suggesting that the company has met expectations in its recent result.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Sanmina's rate of growth is expected to accelerate meaningfully, with the forecast 6.5% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 3.8% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 7.1% per year. Sanmina is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$88.50, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.
Plus, you should also learn about the 1 warning sign we've spotted with Sanmina .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.