Just caught Plexus's latest earnings report and it's interesting how the stock is moving. The company beat EPS expectations with $1.78 versus the consensus of $1.77, though the revenue miss was a bit of a letdown at $1.07 billion. What caught my eye is that Plexus has been on a solid run this year, up about 18% since January while the broader market only gained 1.9%.

Looking at the bigger picture, Plexus belongs to the electronics manufacturing services sector, which is actually performing pretty well right now. The industry ranks in the top 23% among all sectors, which is a decent tailwind. The company's been inconsistent hitting revenue targets though—only beat consensus once in the last four quarters. But on the earnings side, they've nailed it four times out of four, so management seems to be managing expectations well.

The real question now is whether this momentum sticks. Current guidance points to around $1.79 EPS for the next quarter on $1.08 billion in revenue, with full-year estimates at $7.49 per share. With a Zacks Rank of 3 (Hold), it seems like Plexus should move in line with the market going forward. Definitely worth keeping an eye on how guidance plays out, especially given how much the stock has already run up.