The 10-second takeaway
For the quarter ended June 30 (Q3), Plexus met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.
Gross margins dropped, operating margins were steady, net margins were steady.
Plexus recorded revenue of $608.8 million. The eight analysts polled by S&P Capital IQ looked for sales of $606.8 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $559.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.66. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.63 per share. GAAP EPS of $0.66 for Q3 were 14% higher than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 9.4%, 30 basis points worse than the prior-year quarter. Operating margin was 4.5%, about the same as the prior-year quarter. Net margin was 3.9%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $606.3 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $2.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 354 members out of 375 rating the stock outperform, and 21 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Plexus a green thumbs-up, and three 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 $34.28.
- Add Plexus to My Watchlist.