Flex Ltd expected to post earnings of 51 cents a share - Earnings Preview
09/05/2023 03:01
* Flex Ltd FLEX.OQ FLEX.O is expected to show a rise in
quarterly revenue when it reports results on May 10.
* The Singapore-based company is expected to report a
5.4% increase in revenue to $7.222 billion from $6.85 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on January 25 2023,
for the period ended March 31, was for revenue between $7.00
billion and $7.40 billion.
* Refinitiv's mean analyst estimate for Flex Ltd is for
earnings
of 51 cents per share. The company's EPS guidance on January 25
2023, for the period ended March 31, was between $0.48 and
$0.54
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Flex Ltd is
$28.5, above its last closing price of $20.83.
The company's guidance on January 25 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD315 million and USD345 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Dec. 31 2022 0.60 0.60 0.62 Beat 3.2
Sep. 30 2022 0.51 0.51 0.63 Beat 23.5
Jun. 30 2022 0.48 0.48 0.54 Beat 12.7
Mar. 31 2022 0.44 0.44 0.52 Beat 17.4
Dec. 0.42 0.42 0.50 Beat 19.9
31 2021
Sep. 30 2021 0.41 0.40 0.48 Beat 18.7
Jun. 30 2021 0.38 0.38 0.46 Beat 22.3
Mar. 31 2021 0.36 0.36 0.49 Beat 36.3
This summary was machine generated May 9 at 02:01 GMT. All
figures in US dollars unless otherwise stated