Plexus Q2 2024 Adj EPS $0.58 Misses $0.87 Estimate, Sales $967.000M Beat $950.832M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plexus Corp. reported Q2 2024 adjusted earnings of $0.58 per share, missing the consensus estimate of $0.87. However, their sales of $967 million exceeded the expected $950.832 million, marking a 9.71% decrease from the previous year.
April 24, 2024 | 8:20 pm
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NEUTRAL IMPACT
Plexus Corp. missed Q2 2024 EPS estimates but exceeded sales forecasts, with a year-over-year sales decrease.
The miss in EPS estimates could negatively impact investor sentiment in the short term, but the beat on sales forecasts and the company's ability to exceed expectations in a challenging environment may offset negative perceptions. The year-over-year sales decrease is a concern, but the context of exceeding estimates suggests resilience. Overall, the mixed results lead to a neutral short-term impact expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100