- Plexus forecasts first-quarter revenue between $960 million and $1 billion, falling short of the market estimate of $1.02 billion.
- The projected earnings per share (EPS) for the first quarter is between $1.25 and $1.40.
- In the fourth quarter, revenue reached $1.05 billion, marking a 2.6% increase year-over-year, and exceeding the $1.01 billion estimate.
- Adjusted EPS for the fourth quarter was $1.85, significantly higher than the $1.44 from the previous year and the estimate of $1.45.
- Return on invested capital decreased to 11.8% from 13.4% year-over-year.
- Free cash flow surged to $193.8 million, compared to $65.6 million the previous year, and far exceeded estimates of $8.4 million from two evaluations.
- Operating income increased by 1% year-over-year to $53.9 million.
- The adjusted operating margin improved to 6.2% from 5.2% year-over-year.
- Gross margin rose to 10.3% from 9.4% year-over-year, surpassing the estimate of 9.89%.
- Analyst recommendations include 3 buy ratings and 4 hold ratings, with no sell ratings.
Plexus Corp on Smartkarma
Analyst coverage of Plexus Corp on Smartkarma reveals positive sentiments from Baptista Research. In the report titled “Plexus Corp.: The 4 Biggest Challenges In Its Path! – Major Drivers,” Plexus Corp‘s fiscal third quarter 2024 performance was highlighted, showing revenues of $961 million in line with expectations. While the industrial sector faced challenges due to design changes and customer delays, the Aerospace and Defense sectors flourished, leading to an impressive non-GAAP operating margin of 5.8% due to enhanced efficiency and cost management.
In another report by Baptista Research, “Plexus Corp: Expanding Market Presence in Industrial Sector – Major Drivers,” Plexus Corp‘s fiscal second quarter 2024 results were discussed. The company demonstrated strong growth and operational performance, reporting revenue of $967 million at the top end of guidance, and a non-GAAP operating margin of 4.2%. These reports on Plexus Corp indicate a positive outlook for the company’s market presence and operational efficiency according to independent analysts on Smartkarma.
A look at Plexus Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Plexus Corp has a favorable long-term outlook. The company scores high in Momentum, indicating strong positive price performance. Additionally, Plexus Corp ranks well in Value, Growth, and Resilience, all key factors contributing to its overall positive outlook. Despite a lower score in Dividend, the company’s strengths in other areas position it well for continued success in the electronics manufacturing services industry.
Plexus Corp, a key player in the electronics manufacturing services sector, offers a range of solutions to various market sectors including wireline and networking, wireless infrastructure, medical, and defense among others. With solid scores in Value, Growth, Resilience, and particularly strong Momentum, Plexus Corp is poised for sustained growth and performance in the long term, reflecting its robust position in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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