Plexus PLXS reported its Q1 earnings results on Wednesday, January 24, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Plexus missed estimated earnings by 3.7%, reporting an EPS of $1.04 versus an estimate of $1.08.
Revenue was down $111.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18 which was followed by a 7.58% increase in the share price the next day.
Here's a look at Plexus's past performance:
Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
---|---|---|---|---|
EPS Estimate | 1.26 | 1.02 | 1.15 | 1.48 |
EPS Actual | 1.44 | 1.32 | 1.45 | 1.49 |
Revenue Estimate | 1.02B | 1.02B | 1.05B | 1.11B |
Revenue Actual | 1.02B | 1.02B | 1.07B | 1.09B |
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).
Guidance
Plexus management provided guidance for Q1 2024, expecting earnings between $1.02 and $1.06 per share.
To track all earnings releases for Plexus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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