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

Plexus

24/07/2024 23:10

* Plexus Corp  PLXS.OQ  reported quarterly adjusted earnings
of
$1.45​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.32. 
The mean expectation of six analysts for the quarter was
for earnings of $1.31 per share. Wall Street expected results to
range from $1.26  to $1.37 per share.
    * Revenue fell 6% to $960.75 million from a year ago;
analysts
expected $981.25 million. 
    * Plexus Corp's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $25.14
million.
    * Plexus Corp shares had risen by 15.2% this quarter and
gained 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is  "hold."

Wall Street's median 12-month price target for Plexus Corp is
$114.00 
This summary was machine generated from LSEG data July 24 at
10:10 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
 Jun. 30 2024      1.31           1.45           Beat
 Mar. 31 2024      0.87           0.58           Missed
 Dec. 31 2023      1.08           1.04           Missed
 Sep. 30 2023      1.26           1.44           Beat