Plexus is set to report Q1 earnings, with analysts predicting strong growth in earnings and revenues
Neenah: Plexus is gearing up to release its Q1 earnings report soon. Analysts are expecting the company to post earnings of $1.59 per share, which is a solid jump of 52.9% from last year. They also predict revenues will hit around $983.71 million, showing a slight increase of 0.1% year-over-year.
Interestingly, there haven’t been any changes to the earnings estimates in the last month. This means that analysts are sticking to their guns about what they think Plexus will deliver.
Before earnings come out, it’s crucial to keep an eye on any changes in those earnings projections. These tweaks can really help predict how investors might react to the stock. Studies have shown that when earnings estimates change, it often affects the stock’s short-term performance.
Investors usually look at the consensus earnings and revenue estimates to gauge how the company is doing. But digging deeper into the key metrics that analysts focus on can give a clearer picture.
So, what are the average estimates for Plexus? Analysts expect the revenue from the Healthcare/Life Sciences sector to be about $382.71 million, which is a 0.5% increase from last year.
For the Aerospace/Defense sector, they’re predicting revenues of $168.84 million, marking a 1.1% rise year-over-year.
As for the Industrial sector, the estimate is around $432.17 million, but that’s a slight dip of 0.7% compared to last year.
Plexus shares have been on the rise, up 4.7% in the last month, while the broader market has dipped by 3.3%. With a Zacks Rank of #2 (Buy), it looks like PLXS is set to outperform the market soon.
In other news, Zacks has named a top semiconductor stock that’s gaining traction. It’s much smaller than NVIDIA but has a lot of potential for growth, especially with the increasing demand for AI and IoT technologies.
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