Plexus Sees Q3 Revenue Of $960M-$1.00B (Est $1.022B), Adj EPS Of $1.22-$1.37 (Est $1.09)
Portfolio Pulse from Benzinga Newsdesk
Plexus Corp. projects its Q3 revenue to be between $960M and $1.00B, falling short of the estimated $1.022B. However, its adjusted EPS is expected to range from $1.22 to $1.37, surpassing the estimated $1.09.
April 24, 2024 | 8:39 pm
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Plexus Corp. anticipates Q3 revenue below analyst expectations but projects a higher adjusted EPS than estimated.
The mixed forecast from Plexus Corp., with revenue falling short but EPS exceeding expectations, presents a nuanced outlook. The lower revenue projection might concern investors about sales growth, while the higher EPS forecast could indicate better-than-expected profitability or cost management. This complexity makes the short-term stock price direction uncertain, as market participants may weigh the underperformance in revenue against the positive earnings surprise.
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