Plexus Corp expected to post earnings of $1.08 a share - Earnings Preview

Plexus

22/01/2024 21:06

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on January 24 for the
period ending December 31 2023
    * The Neenah Wisconsin-based  company is expected to report
a
9.7% decrease in revenue to $987.635 million from $1.09 billion
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on January 16 2024,
for the period ended December 31, was for revenue between 980.00
million and 985.00 million.
    * ​LSEG's mean analyst estimate for Plexus Corp is for
earnings of
$1.08 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Plexus Corp
is
$110.00​, above​ its last closing price of $98.35. ​​​

The company's guidance on January 16 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
45.08 million and 45.31 million.The company's guidance on
October 26 2023 for the period ended December 31 was for gross
profit margin between 9.1% and 9.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.26        1.26       1.44      Beat    14
 Jun. 30 2023  1.00        1.02       1.32      Beat    29.9
 Mar. 31 2023  1.15        1.15       1.45      Beat    26.1​
 Dec. 31 2022  1.48        1.48       1.49      Beat    0.9
 ​​Sep.        1.28        1.28       1.78      Beat    39.2
 30 2022                                                
 Jun. 30 2022  1.10        1.10       1.33      Beat    20.8​
 Mar. 31 2022  0.99        1.00       0.95      Missed  -4.5
 Dec. 31 2021  0.90        1.00       0.88      Missed  -11.9
 This summary was machine generated January 22 at 21:06 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)