Plexus Corp expected to post earnings of $1.15 a share - Earnings Preview

Plexus

24/04/2023 22:43

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a rise
in
quarterly revenue when it reports  results on April 26. 
    * The Neenah Wisconsin-based  company is expected to report 
a
17.6% increase in revenue to $1.045 billion from $888.72 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on January 25
2023, for the period ended March 31, was for revenue between
1.02 billion and 1.07 billion.
    * ​Refinitiv's mean analyst estimate for Plexus Corp is for
earnings of $1.15 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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​, above​ its last closing price of $91.02. ​​​

The company's guidance on January 25 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between 45.9
million and 53.5 million.The company's guidance on January 26
2023 for the period ended March 31 was for gross profit margin
between 8.8% and 9.2%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.48        1.48       1.49      Beat    0.9
 Sep. 30 2022  1.28        1.28       1.78      Beat    39.2
 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.        0.90        1.00       0.88      Missed  -11.9
 31 2021                                                
 Sep. 30 2021  1.22        1.23       1.16      Missed  -5.4​
 Jun. 30 2021  0.79        0.75       0.99      Beat    32.6
 Mar. 31 2021  1.25        1.25       1.49      Beat    19.5
 This summary was machine generated April 24 at 21:42 GMT.  All
figures in US dollars  unless otherwise stated