While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Revenue- Market Sector- Healthcare/Life Sciences: $380 million versus $379.01 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -15.7% change. Revenue- Market Sector- Aerospace ...

Company Performance - Plexus (PLXS) reported quarterly earnings of $1.45 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, and up from $1.32 per share a year ago [1] - The company posted revenues of $960.75 million for the quarter, missing the Zacks Consensus Estimate by 1.95%, and down from $1.02 billion year-over-year [9] - Plexus has surpassed consensus EPS estimates three times over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.30, reflecting a year-over-year decline of 16.1% [7] - The consensus EPS estimate for the current fiscal year is $5.15 on revenues of $3.96 billion [12] - The estimate revisions trend for Plexus is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock [5] Industry Context - Plexus operates within the Electronics - Manufacturing Services industry, which is currently ranked in the bottom 22% of over 250 Zacks industries [6] - The industry outlook can significantly impact stock performance, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [6] Stock Performance - Plexus shares have increased approximately 9.9% since the beginning of the year, compared to a 16.5% gain for the S&P 500 [10] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3]

Plexus Announces Fiscal Third Quarter Financial Results • Reports fiscal third quarter 2024 revenue of $961 million, GAAP operating margin of 4.1% and GAAP diluted EPS of $0.91. • Initiates fiscal fourth quarter 2024 revenue guidance of $990 million to $1.03 billion with GAAP diluted EPS of $1.14 to $1.29, including $0.36 of stock-based compensation expense. Fiscal fourth quarter 2024 non-GAAP EPS guidance of $1.50 to $1.65 excludes stock-based compensation expense. | --- | --- | --- | --- | |-------------- ...

NEENAH, WI, July 24, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal third quarter ended June 29, 2024, and guidance for our fiscal fourth quarter ending September 28, 2024. | --- | --- | --- | --- | |-----------------------------------|-----------------------------------|----------------|----------------| | | Three Months Ended \nJun 29, 2024 | Jun 29, 2024 | Sep 28, 2024 | | | Q3F24 Results | Q3F24 Guidance | Q4F24 Guidance | | Summary GAAP Items | | | ...

Company Performance - The Zacks Consensus Estimate for Plexus Corp's fiscal third-quarter revenues is $979.9 million, indicating a decline of 4.1% from the previous year [1] - The company projects revenues for fiscal third-quarter 2024 to be between $960 million and $1 billion, with non-GAAP EPS expected in the range of $1.22 to $1.37 [2] Sector Analysis - Plexus is likely to benefit from strong demand in the aerospace and defense market, with expected sequential revenue growth in this sector by a high single digit percentage [3] - The Healthcare/Life Sciences sector is anticipated to have flat revenues due to near-term demand weakness and inventory corrections [4] - The Industrial sector is also expected to report flat revenues, impacted by inventory corrections that offset gains in semiconductor capital and broadband communications sectors [14] Market Conditions - The company faces headwinds from global macroeconomic uncertainty, geopolitical instability, and volatile supply-chain issues, along with customer concentration risks and stiff competition [5] Earnings Prediction - Current models do not predict an earnings beat for Plexus, as it has an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell) [15]

What: Plexus Fiscal 2024 Q3 Earnings Conference Call and Webcast When: Thursday, July 25, 2024 at 8:30 a.m. Eastern Time NEENAH, WI, July 10, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal third quarter 2024 results after market close on Wednesday, July 24, 2024. Plexus' management will host a conference call to discuss its fiscal third quarter results on Thursday, July 25, 2024 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides w ...

NEENAH, WI, July 10, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal third quarter 2024 results after market close on Wednesday, July 24, 2024. Plexus' management will host a conference call to discuss its fiscal third quarter results on Thursday, July 25, 2024 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website, plexus.com. What: Plexus Fiscal 2024 Q3 Earnin ...

NEENAH, WI, June 24, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) released today its fiscal 2023 Sustainability Report. The report, which is now available on the company's Sustainability web page, highlights the progress and impact of its sustainable and responsible business practices in strengthening customer partnerships, supporting team member growth and demonstrating a positive environmental and social impact. Todd Kelsey, President and Chief Executive Officer, commented, "In service to our visi ...

Highlights from fiscal 2023 include: "The progress we made in fiscal 2023 is a testament to our roots as a service organization and our people, who are at the heart of our strategy," noted Megan Schleicher, Sr. Director of Sustainability & Social Impact. "I'm incredibly proud of our accomplishments, as we continue to evolve our ways of working in pursuit of building a better world." Shawn Harrison +1.920.969.6325 shawn.harrison@plexus.com The statements contained in this press release that are guidance or w ...

A month has gone by since the last earnings report for Plexus (PLXS) . Shares have added about 12.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Plexus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Plexus Q2 Earnings & Revenues Beat Estimates Plexus reported ...