Plexus Corp expected to post earnings of $1.55 a share - Earnings Preview

Plexus

21/10/2024 23:05

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on October 23 for the
period ending September 30 2024
    * The Neenah Wisconsin-based  company is expected to report
a
1.6% decrease in revenue to $1.008 billion from $1.02 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on July 24 2024, for the
period ended September 30, was for revenue between $990.00
million and $1.03 billion.
    * ​LSEG's mean analyst estimate for Plexus Corp is for
earnings of
$1.55 per share. The company's EPS guidance on July 24 2024, for
the period ended September 30, was between $1.50 and $1.65 
    * 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
140.00​, above​ its last closing price of $138.18. ​​​

The company's guidance on July 24 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD55.44 million and USD61.8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.30        1.31       1.45      Beat    11.1
 Mar. 31 0001  0.87        0.87       0.58      Missed  -33.3
 Dec. 31 2023  1.04        1.08       1.04      Missed  -3.9​
 Sep. 30 2023  1.26        1.26       1.44      Beat    14
 ​​Jun.        1.00        1.02       1.32      Beat    29.9
 30 2023                                                
 Mar. 31 2023  1.15        1.15       1.45      Beat    26.1​
 Jan. 1 0001   1.48        1.48       1.49      Beat    0.9
 Jan. 1 0001   1.28        1.28       1.78      Beat    39.2
 This summary was machine generated October 21 at 22:04 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)