The US earning reporting season is almost over. I decided to look at Venture's competitors and customers results to guage the odds of a QoQ improvement in revenue and Gross profits.
It seems like the odds are good.
Venture's closest competitors, Plexus and Benchmark electronics, with overlapping sector of customers, both did well in this most recent quarters. Both register YoY and QoQ growth in both revenue and gross profits. Margin are stable.
It can be seen that almost all segments show QoQ growth, all except Plexus's Networking segment, due to loss of Juniper as a customer.
These 2 companies are closest comparables.
The next closest comparable,Jabil circuit,has a rather big Low mix, high Volume EMS segment,so I thought it is not a direct comparable. Nonetheless, it also shows QoQ growth in both revenue and gross profits but significantly negative YoY growth.
Other peers suggested by Maybank like Langard Precision, ......