Why Is Plexus (PLXS) Up 4.1% Since Last Earnings Report?

Core Viewpoint - Plexus (PLXS) shares have increased by approximately 4.1% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Group 1: Earnings Report and Market Reaction - Recent estimates for Plexus have trended downward over the past month, indicating a negative sentiment among analysts [2] - The stock has a strong Growth Score of A but is rated F for Momentum, while it holds an A for Value, placing it in the top quintile for this investment strategy [3] Group 2: Outlook and Future Expectations - The downward trend in estimates suggests a broader negative shift, with Plexus currently holding a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4]