Plexus Corp expected to post earnings of 87 cents a share - Earnings Preview

Plexus

22/04/2024 23:35

* Plexus Corp  PLXS.OQ   PLXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Neenah Wisconsin-based  company is expected to report
a
11.2% decrease in revenue to $950.832 million from $1.07 billion
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on January 24 2024,
for the period ended March 31, was for revenue between 930.00
million and 970.00 million.
    * ​LSEG's mean analyst estimate for Plexus Corp is for
earnings of
87 cents per share. The company's EPS guidance on January 24
2024, for the period ended March 31, was between 0.80 and 0.95 
    * 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
$107.00​, above​ its last closing price of $93.24. ​​​

The company's guidance on January 24 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between 37.2
million and 42.68 million.The company's guidance on January 25
2024 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  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.04        1.08       1.04      Missed  -3.9
 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.        1.48        1.48       1.49      Beat    0.9
 31 2022                                                
 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
 This summary was machine generated April 22 at 22:35 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)