Ahead of Plexus (PLXS) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

In its upcoming report, Plexus (PLXS) is predicted by Wall Street analysts to post quarterly earnings of $1.59 per share, reflecting an increase of 52.9% compared to the same period last year. Revenues are forecasted to be $983.71 million, representing a year-over-year increase of 0.1%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some Plexus metrics that Wall Street analysts commonly model and monitor.Analysts forecast 'Revenue- Market Sector- Healthcare/Life Sciences' to reach $382.71 million. The estimate indicates a change of +0.5% from the prior-year quarter.Analysts predict that the 'Revenue- Market Sector- Aerospace/Defense' will reach $168.84 million. The estimate suggests a change of +1.1% year over year.The collective assessment of analysts points to an estimated 'Revenue- Market Sector- Industrial' of $432.17 million. The estimate indicates a year-over-year change of -0.7%.View all Key Company Metrics for Plexus here>>>Plexus shares have witnessed a change of +4.7% in the past month, in contrast to the Zacks S&P 500 composite's -3.3% move. With a Zacks Rank #2 (Buy), PLXS is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plexus Corp. (PLXS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks