Plexus (PLXS) to Report Q2 Earnings: Key Factors to Note

Zacks04-19

Plexus Corp PLXS is slated to report fiscal second-quarter 2024 results on Apr 24. The Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $951.3 million, which suggests a decline...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlexus (PLXS) to Report Q2 Earnings: Key Factors to Note\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 19:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/plexus-plxs-report-q2-earnings-112600755.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plexus Corp PLXS is slated to report fiscal second-quarter 2024 results on Apr 24.\nThe Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $951.3 million, which suggests a decline...</p>\n\n<a href=\"https://finance.yahoo.com/news/plexus-plxs-report-q2-earnings-112600755.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLXS","symbol_name":"普雷克萨斯","start_time":0,"source_url":"https://finance.yahoo.com/news/plexus-plxs-report-q2-earnings-112600755.html","article_id":"2428659625","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/irNHutLpApSPaMUgcPaq5Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/306e94007e8260e95ff74a73f05e6f54"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428659625","pubTimestamp":1713525960,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Plexus Corp PLXS is slated to report fiscal second-quarter 2024 results on Apr 24.The Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $951.3 million, which suggests a decline of 11.2% from the year-ago quarter’s reported figure. The consensus mark for earnings per share  is pegged at 77 cents, indicating a year-over-year decrease of 46.9%.The company’s earnings beat the Zacks Consensus Estimate in all the last four quarters. It has a trailing four-quarter earnings surprise of 13.3%, on average.For fiscal second-quarter 2024, the company projects revenues between $$930 million and $970 million. GAAP diluted EPS is expected to be in the range of 48-63 cents.Plexus’s performance in the fiscal second quarter is likely to have benefited from new manufacturing contract wins. In the last reported quarter, the company won 30 manufacturing contracts worth $261 million in annualized revenues when fully ramped into production. Also, trailing four-quarter manufacturing win","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PLXS":"普雷克萨斯","IMAX":"Imax Corp","LRCX":"拉姆研究"},"translate_title":"Plexus（PLXS）将公布第二季度收益：需要注意的关键因素","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLXS":1,"IMAX":0.9,"LRCX":0.9},"content_text":"Plexus Corp PLXS is slated to report fiscal second-quarter 2024 results on Apr 24.\nThe Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $951.3 million, which suggests a decline of 11.2% from the year-ago quarter’s reported figure. The consensus mark for earnings per share (EPS) is pegged at 77 cents, indicating a year-over-year decrease of 46.9%.\nThe company’s earnings beat the Zacks Consensus Estimate in all the last four quarters. It has a trailing four-quarter earnings surprise of 13.3%, on average.\nFor fiscal second-quarter 2024, the company projects revenues between $$930 million and $970 million. GAAP diluted EPS is expected to be in the range of 48-63 cents.\n\nPlexus Corp. Price and EPS Surprise\n\nPlexus Corp. price-eps-surprise | Plexus Corp. Quote\n\nFactors to Note\nPlexus’s performance in the fiscal second quarter is likely to have benefited from new manufacturing contract wins. In the last reported quarter, the company won 30 manufacturing contracts worth $261 million in annualized revenues when fully ramped into production. Also, trailing four-quarter manufacturing wins totaled more than $1.05 million in annualized revenues.\nThe company anticipates its Aerospace and Defense segment to gain momentum owing to new program ramps and rising demand for its solutions in commercial aerospace amid weakness in the semiconductor capital equipment market. Also, the funnel of qualified manufacturing is expected to have benefited from customers outsourcing their internal manufacturing.\nHowever, the company’s performance is likely to have been affected due to uncertainty prevailing over global macroeconomic conditions, geopolitical instability and supply-chain disruptions. Customer concentration risks and stiff competition are further concerns.\nThe company expects mid-single digits decline in second for its Healthcare/Life Sciences sector due to near-term demand weakness and inventory corrections. The company expects the Industrial sector to decline sequentially by low-single digits in the fiscal second quarter.\nWhat Our Model Says\nOur proven model does not predict an earnings beat for PLXS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here.\nPLXS has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nStocks With Favorable Combination\nHere are some stocks that you may consider, as our proven model shows that these also have the right mix of elements to beat on estimates this time around.\nIMAX Corporation IMAX has an Earnings ESP of +56.00% and currently carries a Zacks Rank #2. IMAX is scheduled to report quarterly earnings on Apr 25. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for IMAX’s to-be-reported quarter’s earnings and revenues is pegged at 8 cents per share and $75.8 million, respectively. Shares of IMAX have gained 41.2% in the past year.\nMeta Platforms META has an Earnings ESP of +0.62% and presently carries a Zacks Rank #2. META is slated to release quarterly numbers on Apr 24.\nThe Zacks Consensus Estimate for META’s to-be-reported quarter’s earnings and revenues is pegged at $4.32 per share and $36.22 billion, respectively. Shares of META have lost 5.1% in the past year.\nLam Research Corporation LRCX has an Earnings ESP of +0.26% and a Zacks Rank #2. LRCX is set to report quarterly figures on Apr 24.\nThe Zacks Consensus Estimate for LRCX’s to-be-reported quarter’s earnings and revenues is pegged at $7.23 per share and $3.70 billion, respectively. Shares of LRCX have surged 107.2% in the past year.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPlexus Corp. (PLXS) : Free Stock Analysis Report\nLam Research Corporation (LRCX) : Free Stock Analysis Report\nIMAX Corporation (IMAX) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428659625"}