Analysts have sharply raised their earnings estimates for Plexus, pushing the stock to a Zacks Rank #1 Strong Buy. Over the last 30 days, two estimates moved higher for the current quarter with no negative revisions, lifting the consensus estimate by 62.14% to $2.44 per share, a 14.0% year-over-year increase. For the full year, the consensus estimate rose 12.55% to $8.51 per share, up 14.5% from the prior year, also on two upward revisions and no cuts. The stock has gained 7% over the past four weeks, and Zacks notes that stocks with its top rank have historically outperformed the S&P 500.
Plexus CorpAnalyst estimates raised, consensus up 62% for current quarter, stock gets Zacks #1 Strong Buy.