Plexus Corp reports results for the quarter ended in December - Earnings Summary

Plexus

24/01/2024 23:23

* Plexus Corp  PLXS.OQ  reported quarterly adjusted earnings
of
$1.04​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.49.  The mean expectation of six analysts for the quarter was
for earnings of $1.08 per share. Wall Street expected results to
range from $1.04  to $1.27 per share.
    * Revenue fell 10.2% to $982.61 million from a year ago;
analysts
expected $987.64 million. 
    * Plexus Corp's reported EPS for the quarter was $1.04​.
    * The company reported quarterly net income of $29.22
million.
    * Plexus Corp shares had fallen by 8.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Plexus Corp is
$110.00 
This summary was machine generated from LSEG data January 24 at
11:23 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.08           1.04           Missed
 Sep. 30 2023      1.26           1.44           Beat
 Jun. 30 2023      1.02           1.32           Beat
 Mar. 31 2023      1.15           1.45           Beat