Earnings Estimates Moving Higher for Sanmina (SANM): Time to Buy?

Core Viewpoint - Investors are encouraged to consider Sanmina (SANM) due to solid improvements in earnings estimates and positive short-term price momentum [1][10] Earnings Estimates - Analysts have shown growing optimism regarding Sanmina's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2] - The consensus earnings estimate for the current quarter is $2.15 per share, reflecting a year-over-year increase of +49.3% [6] - Over the past 30 days, the Zacks Consensus Estimate for Sanmina has risen by 22.76%, with no negative revisions reported [6] - For the full year, the expected earnings per share is $9.64, indicating a change of +59.6% from the previous year [7] - The consensus estimate for the current year has increased by 32.42% over the same time frame [8] Zacks Rank - Sanmina has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a strong indicator for potential stock performance [9] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3] Stock Performance - Sanmina's stock has gained 32.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10]