Sigmatron Intl Inc Down 39.21% To $4.59 After Earnings

SigmaTron International Inc (SGMA) reported better than expected earnings this morning for Q1 2024.

The company reported an EPS of $0.04. The firm reported an EPS of $0.22 in the year-ago quarter. The decline in Sigmatron Intl Inc's annual growth rate represents how the business isn't performing well amid current economic conditions.

Sigmatron Intl Inc reported a revenue of $98.1 million in Q1 2024. The firm managed negative 7% growth year-over-year due to Sigmatron Intl Inc reporting quarterly revenue of $105.6 million in its year-ago quarter. Sigmatron Intl Inc achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 39.21% to $4.59 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Trading in the five days leading up to the report earned Sigmatron Intl Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 55.

Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. Geographically, it derives a majority of revenue from Mexico and also has a presence in China and Vietnam.