Plexus (NASDAQ:PLXS) reported its Q1 earnings results on Wednesday, January 26, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
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Earnings
Plexus missed estimated earnings by 21.43%, reporting an EPS of $0.88 versus an estimate of $1.12, which surprised analysts.
Revenue was up $12.90 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07, which was followed by a 6.17% drop in the share price the next day.
Here's a look at Plexus's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.23 | 0.97 | 1.25 | 1.09 |
| EPS Actual | 1.16 | 0.99 | 1.49 | 1.23 |
| Revenue Estimate | 897.62M | 840.89M | 880.97M | 832.12M |
| Revenue Actual | 843.24M | 814.39M | 880.88M | 830.36M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Plexus management provided guidance for their next quarter, expecting earnings between $0.76 and $0.92 per share for the next quarter.
This represents a -4.55% in quarter-over-quarter growth for Plexus, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
