Can PLXS Stock Continue its Rally After Gaining 53% Year to date?

Zacks12-17

Plexus Corp. PLXS shares have surged 53% year to date, outpacing the industry, broader tech sector and S&P 500 Composite's growth of 48.5%, 34.2% and 27.8%, respectively. Plexus has also outperformed ...

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PLXS shares have surged 53% year to date, outpacing the industry, broader tech sector and S&P 500 Composite's growth of 48.5%, 34.2% and 27.8%, respectively.\nPlexus has also outperformed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/plxs-stock-continue-rally-gaining-125300872.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can PLXS Stock Continue its Rally After Gaining 53% Year to date?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nCan PLXS Stock Continue its Rally After Gaining 53% Year to date?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/plxs-stock-continue-rally-gaining-125300872.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plexus Corp. PLXS shares have surged 53% year to date, outpacing the industry, broader tech sector and S&P 500 Composite's growth of 48.5%, 34.2% and 27.8%, respectively.\nPlexus has also outperformed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/plxs-stock-continue-rally-gaining-125300872.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":"LU0689626769.HKD","symbol_name":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/plxs-stock-continue-rally-gaining-125300872.html","article_id":"2492963340","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hb34T5JpqfOKFdxuauyatA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/560ce7090345bb7408c706b8e0a8c3fc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492963340","pubTimestamp":1734439980,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Plexus Corp. PLXS shares have surged 53% year to date, outpacing the industry, broader tech sector and S&P 500 Composite's growth of 48.5%, 34.2% and 27.8%, respectively.Plexus has also outperformed some of its peers like Flex Ltd FLEX and Jabil Inc JBL, which have gained 24.7% and 5.9%, respectively. However, Celestica Inc CLS has appreciated 238.3% in the same time frame.Neenah, WI-based Plexus is a leading provider of electronic contract manufacturing services to original equipment manufacturers in a wide range of industries, including Healthcare/Life Sciences, Industrial and Aerospace/Defense market sectors.PLXS’ revenues of $1.05 billion increased 2.6% year over year and beat the Zacks Consensus Estimate by 4.3% in the last reported quarter. It came ahead of the guidance range of $960 million to $1 billion.Plexus expects new program ramps across all three segments to aid fiscal 2025 revenue growth. The Industrial segment is also likely to gain from strength in the SemiCap market, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","PLXS":"普雷克萨斯","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4512":"苹果概念","LU0963586101.USD":"ALLIANZ GLOBAL SMALL CAP EQUITY \"AT\" ACC","JBL":"捷普科技","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4588":"碎股","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","BK4145":"电子制造服务","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","FLEX":"伟创力国际","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","CLS":"天弘科技"},"translate_title":"PLXS股票今年迄今上涨53%后能否继续上涨？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLS":1,"FLEX":1,"JBL":1,"PLXS":1},"content_text":"Plexus Corp. PLXS shares have surged 53% year to date, outpacing the industry, broader tech sector and S&P 500 Composite's growth of 48.5%, 34.2% and 27.8%, respectively.\nPlexus has also outperformed some of its peers like Flex Ltd FLEX and Jabil Inc JBL, which have gained 24.7% and 5.9%, respectively. However, Celestica Inc CLS has appreciated 238.3% in the same time frame.\nYTD Price Performance\nImage Source: Zacks Investment Research\nNeenah, WI-based Plexus is a leading provider of electronic contract manufacturing services to original equipment manufacturers in a wide range of industries, including Healthcare/Life Sciences, Industrial and Aerospace/Defense market sectors.\nNew program ramp activities and healthy demand in the Aerospace/Defense unit are driving the stock price appreciation.\nPLXS’ revenues of $1.05 billion increased 2.6% year over year and beat the Zacks Consensus Estimate by 4.3% in the last reported quarter. It came ahead of the guidance range of $960 million to $1 billion.\nPLXS closed the last trading session at $165.40, near its 52-week high of $170.07. Now, investors are contemplating whether to stay invested or cash out. Let’s evaluate the various factors at play to evaluate whether PLXS stock is worth including in one’s portfolio.\nAerospace Strength: Key Growth Driver for PLXS\nMomentum in the Aerospace and Defense sector is a tailwind for Plexus. In the fiscal fourth quarter, revenues from Aerospace/Defense increased 16.5% year over year to $184 million, contributing 18% to total revenues. Fiscal 2024 revenue growth of 21% exceeded the 17% growth witnessed in fiscal 2023, driven by demand for its engineering solutions.\nThough revenues in the fiscal first quarter are forecast to decline in the high single digits, management expects continued growth for the Aerospace/Defense sector in fiscal 2025. Strength in new program ramps and strength in the space and defense subsector remain primary catalysts. Plexus also expects uncertainty within the commercial aerospace subsector to resolve as the year progresses.\nNew Program Wins Bode Well for PLXS\nWe believe a healthy number of program wins will drive the top-line performance. In the fourth quarter of fiscal 2024, Plexus won 26 manufacturing programs, representing $230 million in annualized revenues when fully ramped into production. It ended fiscal 2024 with manufacturing program wins exceeding $1 billion, including $568 million from the Healthcare/Life Sciences sector. The funnel of qualified manufacturing opportunities is pegged at $3.5 billion, indicating a strong pipeline for growth.\nPlexus expects new program ramps across all three segments to aid fiscal 2025 revenue growth. The Industrial segment is also likely to gain from strength in the SemiCap market, offsetting near-term industrial demand uncertainty. The Healthcare business is likely to gain from the expected improvement in end markets, along with the normalization of inventories. Given its exposure to high-growth segments and recent improvements seen in health care, industrial, commercial and defense/aerospace sectors, the company will outgrow its peers in the EMS group in the long term.\nStrong Cash Flow Generation\nPlexus generated $341 million in free cash flow for fiscal 2024, with $194 million in free cash flow generated in the fiscal fourth quarter.\nStrong cash flow is aiding the company to reduce debt and support its share repurchase program. PLXS paid off debt worth $184 million in the fiscal year.\nPlexus repurchased $55.7 million of the company’s shares at an average price of $104 per share under its buyback program. Plexus’ board of directors approved an additional $50 million share repurchase plan in August 2024.\nGoing ahead, PLXS expects cash usage for the fiscal first quarter due to increased investments to support sales growth for fiscal 2025. PLXS forecasts free cash flow in the range of $50 million to $100 million for fiscal 2025.\nRobust Estimate Revision Activity for PLXS\nAnalysts seem bullish on the PLXS stock, given the upward estimate revision activity.\nIn the past 60 days, analysts have increased their earnings estimates for the current quarter and the next by 9% and 9.2%, respectively, to $1.58 and $1.55 per share. The earnings estimate for the current year has also been revised upward by 9.5% to $6.79 per share.\nImage Source: Zacks Investment Research\nPLXS Trades at a Premium\nPLXS trades a forward price-to-earnings ratio of 23.6 compared with the industry’s multiple of 18.03. Though PLXS trades at a premium, the valuation seems justified, given the robust growth opportunities. \nImage Source: Zacks Investment Research\nIs PLXS Stock Worth Including in Your Portfolio?\nPLXS’ strong performance, favorable demand trends and healthy capital allocation strategy make it an attractive investment opportunity. The stock’s technical indicators suggest that there could be further upside. The stock has been trading above both the 50-day and 100-day moving averages, indicating that investors are bullish on the stock.\n50 &100-Day Moving Average\nImage Source: Zacks Investment Research\nAt present, PLXS sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or #2 (Buy), offer the best investment opportunities for investors. PLXS stock appears to be a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.\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\nJabil, Inc. (JBL) : Free Stock Analysis Report\nFlex Ltd. (FLEX) : Free Stock Analysis Report\nCelestica, Inc. (CLS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2492963340"}