Can Plexus (PLXS) Earnings Surprise Estimates in Q3? - Analyst Blog

Our proven model does not conclusively show that Plexus is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here as you will see below.

Zacks ESP: Plexus has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 69 cents.

Zacks Rank: Though Plexus’ Zacks Rank #3 (Hold) increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise.

We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Stocks to Consider

Here are some other companies that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

Apple Inc. AAPL with an Earnings ESP of +5.03% and a Zacks Rank #2 (Buy).

Baidu, Inc. BIDU with an Earnings ESP of +3.89% and a Zacks Rank #3.

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