Plexus Corp expected to post earnings of $1.31 a share - Earnings Preview

Plexus

22/07/2024 21:48

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Neenah Wisconsin-based  company is expected to report
a
4.0% decrease in revenue to $981.25 million from $1.02 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on April 24 2024, for the
period ended June 30, was for revenue between 960.00 million and
1.00 billion.
    * ​LSEG's mean analyst estimate for Plexus Corp is for
earnings of
$1.31 per share. The company's EPS guidance on April 24 2024,
for the period ended June 30, was between 1.22 and 1.37 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "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
$114.00​, below​ its last closing price of $115.33. ​​​

The company's guidance on April 25 2024 for the period ended
June 30 was for gross profit margin between 9.3% and 9.7%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.87        0.87       0.58      Missed  -33.3
 Jan. 1 2024   1.04        1.08       1.04      Missed  -3.9
 Jan. 1 0001   1.26        1.26       1.44      Beat    14​
 Jun. 30 2023  1.00        1.02       1.32      Beat    29.9
 ​​Jan.        1.15        1.15       1.45      Beat    26.1
 1 0001                                                 
 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
 This summary was machine generated July 22 at 20:48 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)