Plexus (PLXS) Reports Q1: Everything You Need To Know Ahead Of Earnings

Electronic manufacturing services company Plexus (NASDAQ:PLXS) will be announcing earnings results tomorrow afternoon. Here’s what to look for.

Plexus met analysts’ revenue expectations last quarter, reporting revenues of $976.1 million, flat year on year. It was a decent quarter for the company, with an impressive beat of analysts’ EPS estimates.

Is Plexus a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Plexus’s revenue to grow 1.4% year on year to $980.1 million, a reversal from the 9.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Plexus has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Plexus’s peers in the tech hardware & electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Jabil posted flat year-on-year revenue, beating analysts’ expectations by 5.1%, and TD SYNNEX reported revenues up 4%, falling short of estimates by 1.7%. Jabil traded up 4.1% following the results while TD SYNNEX was down 16.6%.

Read our full analysis of Jabil’s results here and TD SYNNEX’s results here.

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