On July 20, Sanmina rose 5.51% in regular trading, trading at $208.31/share, with turnover of $29.13 million. The stock rallied as investors positioned ahead of the companys upcoming quarterly earnings release scheduled for July 27 after market close.

Market consensus expects Sanmina to report revenue of approximately $33.96 billion for the quarter, representing a 71.30% year-over-year increase. Adjusted earnings per share are projected at $2.77, up 95.81% year-over-year, while EBIT is expected to reach $2.20 billion, a 97.39% increase. The optimism follows a strong prior quarter in which the company posted revenue of $4.013 billion, beating the $3.285 billion estimate, and adjusted EPS of $3.16 versus the $2.40 consensus.

The broader Electronic Manufacturing Services sector also contributed to the move, with TTM Technologies up 5.26%, Fabrinet up 4.33%, Celestica up 1.82%, Flex up 1.66%, and TE Connectivity up 0.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)