Sanmina (Nasdaq: SANM) reported earnings on Jan. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 29 (Q1), Sanmina missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
Sanmina reported revenue of $1.49 billion. The six analysts polled by S&P Capital IQ expected sales of $1.53 billion on the same basis. GAAP reported sales were 0.5% lower than the prior-year quarter's $1.50 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.29. The seven earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $0.01 for Q1 were 90% lower than the prior-year quarter's $0.10 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 6.5%, 80 basis points worse than the prior-year quarter. Operating margin was 2.1%, 90 basis points worse than the prior-year quarter. Net margin was 0.0%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $6.15 billion. The average EPS estimate is $1.47.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 126 members out of 153 rating the stock outperform, and 27 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Sanmina a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sanmina is outperform, with an average price target of $10.64.

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