Recap: Plexus Q1 Earnings

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.

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.

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).

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.

Earnings Calendar