Plexus Corp. (NASDAQ: PLXS) Expected To Announce $1.11 Earnings Per Share For This Fiscal Quarter

PLXS, Plexus Corp.

According to Zacks Investment Research, Plexus Corp. (NASDAQ: PLXS) is expected to announce $1.11 EPS (earnings per share) for this fiscal quarter.

Plexus (PLXS) will reportedly announce its report on the quarterly earnings on the 28th of October after the market closes. Till no, three analysts have submitted reports on PLXS’S earnings for this fiscal quarter. Last year, during this same fiscal quarter, the company posted its earnings of $0.93 EPS. This suggested that NASDAQ: PLXS had a positive year-over-year growth rate that stands at 19.4%.

Zacks Makes Estimate Analysis Of NASDAQ: PLXS Earnings

Zacks Investment Research suggests that NASDAQ: PLXS’s whole year’s earnings will stand at $3.93 per share for this ongoing financial year.  The EPS will approximately range from $3.92 to $3.93. For the upcoming financial year, according to Zacks, expert analysts suggest that the firm’s estimated earnings will stand at $4.31 per share along with the estimated EPS varying from $4.21 to $4.41. Zacks has provided this data after doing a survey on analysts that provide expert coverage for NASDAQ: PLXS. The calculations are based on a mean average from the analysts’ reports.

The quarterly earnings for the previous fiscal quarter was released by the company on the 22nd of July. The earnings of the technology company stood at $1.20 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.75. the company topped the EPS by $0.45. The company’s return on equity also stood at 12.41% along with the net margin of 3.55%. The expected income for the firm was marked at $801.94 million but it made $857.39 for the quarter.

Consensus On Plexus Corp. “Hold” Rating

Several research analysts and equities experts have shared reports on NASDAQ: PLXS recently. Zacks lowered the company’s “buy” rating to “hold” rating on Wednesday. It also set the target price of Plexus Corp. at $74.00. PLXS was raised to a “b” rating from “c+” rating by TheStreet. JPMorgan Chase & Co. rated PLXS as “neutral”. This was a down-gradation for the company that earlier held an “overweight” rating. In the research report submitted by JPMorgan on August 12, the price objective was also set at $78.00. This was regarded as a valuable call.

Among others, Loop Capital increased PLXS price objective to $91.00 from $78.00 and on July 24, they gave the company a “buy” rating. Needham & Company LLC did the same. Thus, the recent consensus regarding Plexus Corp. (NASDAQ: PLXS) stands at the “hold” rating and the consensus on the target price stands at $81.33.

Plexus stock shares were up on Friday hitting a big $73.23. The company’s 88,688 shares traded hands on the day. Several hedge funds have also been involved with PLXS recently.