Plexus Q1 EPS Outlook Up 13.54% to $1.85; Zacks Rank #1 Boosts Momentum
Analysts have raised Plexus’ current-quarter EPS estimate by 13.54% over the past 30 days to $1.85, up 11.5% year-over-year, while full-year EPS forecasts climbed 5.27% to $7.61. Consensus upward revisions have driven a 30.8% stock gain over the last four weeks and earned a Zacks Rank #1.
1. Estimate Revisions Enhance Earnings Outlook
Analysts have increased Plexus’s current-quarter EPS projection by 13.54% over the past month to $1.85, reflecting an 11.5% year-over-year rise, while full-year EPS forecasts climbed 5.27% to $7.61 on unanimous upward revisions.
2. Strong Stock Momentum
Consensus estimate upgrades have coincided with a 30.8% climb in Plexus’s share price over the past four weeks, underlining the correlation between earnings outlook improvements and near-term stock performance.
3. Zacks Rank #1 Upgrade
Plexus now carries a Zacks Rank #1 (Strong Buy), reflecting exceptional analyst agreement on upward revisions and historically associated with above-average annual returns.