Zacks Research Has Bullish Forecast for Plexus Q1 Earnings

Plexus Corp. (NASDAQ:PLXS) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Plexus in a research report issued on Tuesday, December 24th. Zacks Research analyst V. Doshi now anticipates that the technology company will earn $1.66 per share for the quarter, up from their prior forecast of $1.62. The consensus estimate for Plexus’ current full-year earnings is $6.14 per share. Zacks Research also issued estimates for Plexus’ Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.87 EPS.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Plexus’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. KeyCorp started coverage on Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Benchmark lifted their target price on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Needham & Company LLC raised their price target on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.25.

Plexus Stock Performance

Shares of Plexus stock opened at $157.79 on Friday. The company has a 50 day moving average of $157.75 and a 200-day moving average of $133.57. The company has a market cap of $4.27 billion, a PE ratio of 39.35 and a beta of 0.90. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. Plexus has a 1-year low of $90.18 and a 1-year high of $170.07.

Hedge Funds Weigh In On Plexus

A number of hedge funds and other institutional investors have recently made changes to their positions in PLXS. Disciplined Growth Investors Inc. MN raised its stake in Plexus by 2.8% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock worth $296,457,000 after buying an additional 59,465 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Plexus by 3.0% in the 2nd quarter. Earnest Partners LLC now owns 788,196 shares of the technology company’s stock valued at $81,326,000 after purchasing an additional 23,074 shares during the period. Geode Capital Management LLC boosted its position in shares of Plexus by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock valued at $89,392,000 after purchasing an additional 4,926 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Plexus by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 453,308 shares of the technology company’s stock worth $46,772,000 after purchasing an additional 31,099 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Plexus by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 421,903 shares of the technology company’s stock worth $57,678,000 after purchasing an additional 2,886 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Plexus news, insider Michael J. Running sold 539 shares of Plexus stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total transaction of $84,013.93. Following the transaction, the insider now directly owns 1,030 shares of the company’s stock, valued at approximately $160,546.10. The trade was a 34.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total value of $448,863.47. Following the completion of the sale, the chief accounting officer now directly owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. The trade was a 8.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,591 shares of company stock valued at $5,143,375. 1.76% of the stock is currently owned by corporate insiders.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.