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Plexus' (PLXS) first-quarter performance is affected due to weakness in the Healthcare/Life Sciences and Industrial sectors.
The headline numbers for Plexus (PLXS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plexus (PLXS) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.49 per share a year ago.
Evaluate the expected performance of Plexus (PLXS) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Plexus's (PLXS) fiscal fourth-quarter performance is affected by weakness in the Healthcare/Life Sciences and Industrial sectors.
Although the revenue and EPS for Plexus (PLXS) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Plexus's (PLXS) fiscal fourth-quarter performance is likely to have benefited from new program ramps and rising demand for its solutions in commercial aerospace.
NEENAH, WI, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal fourth quarter 2023 results after market close on Wednesday, October 25, 2023. Plexus' management will host a conference call to discuss its fiscal fourth quarter results on Thursday, October 26 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website, plexus.com.
Plexus presents with a series of manufacturing wins from its Q3 FY'23. But it has done this on flat revenues, tight cash flows, and investors have potentially overpriced its growth potential. These may be key risks to the company selling at higher multiples going forward.
Plexus's (PLXS) fiscal third-quarter performance benefits from solid momentum in Healthcare/Life Sciences and Aerospace/Defense sectors.