Sign Up

What to Expect from Plexus's Earnings

Plexus (NASDAQ:PLXS) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Plexus to report an earnings per share (EPS) of $1.56.

Plexus bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

In the previous earnings release, the company beat EPS by $0.15, leading to a 11.57% increase in the share price the following trading session.

Here's a look at Plexus's past performance and the resulting price change:

Quarter

Q3 2024

Q2 2024

Q1 2024

Q4 2023

EPS Estimate

1.30

0.87

1.08

1.26

EPS Actual

1.45

0.94

1.04

1.44

Price Change %

12.0%

4.0%

-4.0%

8.0%

Plexus Share Price Analysis

Shares of Plexus were trading at $136.23 as of October 21. Over the last 52-week period, shares are up 54.79%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Plexus

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest ...