Earnings Preview: This Week For Value Investors
By Vince Martin:Here are my earnings season picks up this coming week, with several companies of interest to value investors reporting quarterly results. I've highlighted some of the most interesting reports below.
Sanmina-SCI Corp. (SANM): The contract manufacturer reports fiscal first quarter earnings after the close on Wednesday, with analysts expecting non-GAAP earnings of 32 cents per share on revenue of $1.56 billion. In fiscal 2011, the company earned $1.64 per share on a non-GAAP basis -- but just 83 cents based on general accounting principles. The resulting difference in P/E -- 6.25x non-GAAP, 12.4x on a GAAP basis -- makes the company somewhat difficult to value. Still, the company is trading at a small premium to its tangible book value of $9.31 per share, given Friday's close of $10.25. The stock has seen a sharp run-up since hitting October lows below $7/share, leading investors to wonder whether the trade hasComplete Story »