Recap: Plexus Q1 Earnings - Plexus (NASDAQ:PLXS)

Plexus 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.

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.

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).

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.