Plexus (PLXS) Tops Q3 Earnings Estimates

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]