We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sanmina (SANM) Stock Moves -1.25%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Sanmina (SANM - Free Report) closed at $64.22, marking a -1.25% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 1.03%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the electronics manufacturing services company had gained 10.28% over the past month, lagging the Computer and Technology sector's gain of 11.26% and outpacing the S&P 500's gain of 6.22% in that time.
Investors will be hoping for strength from Sanmina as it approaches its next earnings release. In that report, analysts expect Sanmina to post earnings of $1.49 per share. This would mark year-over-year growth of 37.96%.
It is also important to note the recent changes to analyst estimates for Sanmina. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.09% higher. Sanmina is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Sanmina currently has a Forward P/E ratio of 11.57. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 11.57.
Meanwhile, SANM's PEG ratio is currently 0.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 0.72 based on yesterday's closing prices.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sanmina (SANM) Stock Moves -1.25%: What You Should Know
In the latest trading session, Sanmina (SANM - Free Report) closed at $64.22, marking a -1.25% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 1.03%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the electronics manufacturing services company had gained 10.28% over the past month, lagging the Computer and Technology sector's gain of 11.26% and outpacing the S&P 500's gain of 6.22% in that time.
Investors will be hoping for strength from Sanmina as it approaches its next earnings release. In that report, analysts expect Sanmina to post earnings of $1.49 per share. This would mark year-over-year growth of 37.96%.
It is also important to note the recent changes to analyst estimates for Sanmina. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.09% higher. Sanmina is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Sanmina currently has a Forward P/E ratio of 11.57. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 11.57.
Meanwhile, SANM's PEG ratio is currently 0.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 0.72 based on yesterday's closing prices.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.