- Second Quarter Revenue Forecast: Plexus forecasts revenue between $960 million and $1 billion, which is below the estimated $1.01 billion.
- Earnings Per Share (EPS) Guidance: Expected EPS for the second quarter ranges from $1.22 to $1.37.
- First Quarter Revenue Performance: Achieved revenue of $976.1 million, a decrease of 0.7% year-over-year, slightly below the $982.2 million estimate.
- EPS Achievement: Adjusted EPS for the first quarter was $1.73, significantly higher than last year’s $1.04 and above the estimated $1.56.
- Return on Invested Capital: Improved to 13.8% from last year’s 10.3%.
- Free Cash Flow: Positive $27.1 million, compared to a negative cash flow of $31.7 million last year, and beating the negative $67.3 million estimate.
- Operating Income and Margin: Operating income rose 3.8% year-over-year to $46.9 million, surpassing the $44.8 million estimate, with an adjusted operating margin of 6%.
- Gross Margin: Improved to 10.3%, up from 9% last year, slightly higher than the estimated 10.2%.
- Non-GAAP EPS Insight: Non-GAAP EPS guidance for the second quarter is between $1.46 and $1.61, excluding stock-based compensation expenses.
- Performance Comments: Todd Kelsey, President and CEO, commends the strong operating performance and responsiveness for achieving robust fiscal first quarter results.
- Market Recommendations: Analysts have given 3 buy ratings, 3 hold ratings, and no sell ratings on Plexus stock.
Plexus Corp on Smartkarma
Analyst Coverage of Plexus Corp on Smartkarma
Analyst coverage of Plexus Corp on Smartkarma indicates positive sentiment towards the company’s recent performance. Baptista Research‘s report titled “Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers” highlights the company’s robust fiscal fourth-quarter 2024 results, with revenues reaching $1.05 billion, surpassing expectations. Strong demand in aerospace and defense, as well as healthcare/life sciences sectors, contributed significantly to this growth.
Additionally, Baptista Research‘s analysis in “Plexus Corp.: The 4 Biggest Challenges In Its Path! – Major Drivers” points out the company’s impressive fiscal third quarter 2024 performance, with revenues of $961 million aligning with guidance. Despite sector fluctuations, Plexus Corp saw a rise in non-GAAP operating margins to 5.8%, exceeding expectations due to enhanced efficiency and solid cost management. Overall, these reports reflect a positive outlook on Plexus Corp‘s operational strengths and growth potential.
A look at Plexus Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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
With a varied range of Smart Scores indicating different aspects of performance, Plexus Corp appears poised for a solid outlook in the long term. The company scored well in areas such as Resilience and Momentum, indicating strength and positive market sentiment. Plexus Corp‘s operations in the electronics manufacturing services sector serve a diverse set of markets, showcasing its adaptability and stability in the face of changing economic conditions.
Although Plexus Corp scored lower in Dividend, the company’s strong performance in Value and Growth underscore its potential for future development and value creation. As a key player in providing electronics manufacturing services across various industries, Plexus Corp stands out for its ability to navigate different market sectors effectively, positioning itself well for sustained growth in the long run.
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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