Plexus Corp expected to post earnings of $1.26 a share - Earnings Preview

Plexus

24/10/2023 03:03

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Neenah Wisconsin-based  company is expected to report 
a
9.3% decrease in revenue to $1.02 billion from $1.12 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. The company's guidance on July 26 2023, for
the period ended September 30, was for revenue between 1.00
billion and 1.04 billion.
    * ​Refinitiv's mean analyst estimate for Plexus Corp is for
earnings of $1.26 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $89.27. ​​​

The company's guidance on July 26 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
47 million and 54.08 million.The company's guidance on July 27
2023 for the period ended September 30 was for gross profit
margin between 8.9% and 9.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.28        1.28       1.78      Beat    39.2
 ​​Jun.        1.10        1.10       1.33      Beat    20.8
 30 2022                                                
 Mar. 31 2022  0.99        1.00       0.95      Missed  -4.5​
 Dec. 31 2021  0.90        1.00       0.88      Missed  -11.9
 Sep. 30 2021  1.22        1.23       1.16      Missed  -5.4
 This summary was machine generated October 24 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated