Plexus Corp reports results for the quarter ended in March - Earnings Summary

• Plexus Corp PLXS reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.45. The mean expectation of six analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 82 cents to 89 cents per share.

• Revenue fell 9.7% to $966.90 million from a year ago; analysts expected $950.83 million.

• Plexus Corp's reported EPS for the quarter was 58 cents​.

• The company reported quarterly net income of $16.24 million.

• Plexus Corp shares had risen by 1.9% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is "hold."

Wall Street's median 12-month price target for Plexus Corp is $107.00

This summary was machine generated from LSEG data April 24 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)