It's Showtime for Plexus
Plexus (NAS: PLXS) is expected to report Q3 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Plexus's revenues will improve 8.5% and EPS will increase 8.6%.
The average estimate for revenue is $606.8 million. On the bottom line, the average EPS estimate is $0.63.
Last quarter, Plexus recorded revenue of $573.5 million. GAAP reported sales were 0.9% higher than the prior-year quarter's $568.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.56. GAAP EPS of $0.56 for Q2 were 5.1% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.5%, 30 basis points worse than the prior-year quarter. Operating margin was 4.5%, 10 basis points worse than the prior-year quarter. Net margin was 3.5%, 70 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.33 billion. The average EPS estimate is $2.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 353 members out of 374 rating the stock outperform, and 21 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Plexus a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Plexus is hold, with an average price target of $38.13.
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The article It's Showtime for Plexus originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.