Ahead of the Bell: Plexus talks to investors

Citi Investment Research analyst Jim Suva says the contract electronics manufacturer will likely address its timeline for profitability in Mexico, which has been pushed back to the first half of fiscal 2009 from fiscal 2008.

Plexus may also discuss further expansion plans in Asia and Europe, Suva says.

Other items on the agenda could include probability of future orders from the military and sales from the medical market, which Suva says have been pressured for several quarters because customers delayed or canceled orders. Suva expects the company to discuss near-term trends and the long-term outlook for the medical market, especially given greater competition.

Meanwhile, Plexus in April predicted fiscal third-quarter adjusted profit of 36 cents per share to 41 cents per share and revenue of $430 million to $450 million.

Analysts polled by Thomson Financial expect earnings of 38 cents per share on $440.9 million in revenue. The estimates generally exclude special items.

Suva, who rates the stock "Hold," says Wednesday's meeting falls late in the quarter, so the company should provide insight on how the quarter tracked.

"We will be looking for some insight on the company's ability to seasonally ramp the September quarter to meet its revenue targets without pressuring margins in the near-term," Suva wrote in a client note.