Recap: Plexus Q1 Earnings

Plexus PLXS reported its Q1 earnings results on Wednesday, January 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

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Earnings

Plexus missed estimated earnings by 21.43%, reporting an EPS of $0.88 versus an estimate of $1.12, which surprised analysts.

Revenue was up $12.90 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.07, which was followed by a 6.17% drop in the share price the next day.

Here's a look at Plexus's past performance:

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 their next quarter, expecting earnings between $0.76 and $0.92 per share for the next quarter.

This represents a -4.55% in quarter-over-quarter growth for Plexus, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.