Flex Ltd expected to post earnings of 51 cents a share - Earnings Preview
25/07/2023 03:04
* Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in
quarterly revenue when it reports results on July 26.
* The Singapore-based company is expected to report a
1.0% decrease in revenue to $7.276 billion from $7.35 billion a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. The company's guidance on May 10 2023, for
the period ended June 30, was for revenue between $7.00 billion
and $7.50 billion.
* Refinitiv's mean analyst estimate for Flex Ltd is for
earnings
of 51 cents per share. The company's EPS guidance on May 10
2023, for the period ended June 30, was between $0.47 and $0.53
* 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 had risen by
about 0.1%
in the last three months.
* Wall Street's median 12-month price target for Flex Ltd is
$31,
above its last closing price of $28.17.
The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD320
million and USD350 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
Mar. 31 2023 0.51 0.51 0.60 Beat 17.1
Dec. 31 2023 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. 0.44 0.44 0.52 Beat 17.4
31 2022
Dec. 31 2021 0.42 0.42 0.50 Beat 19.9
Sep. 30 2021 0.41 0.40 0.48 Beat 18.7
Jun. 30 2021 0.38 0.38 0.46 Beat 22.3
This summary was machine generated July 25 at 02:04 GMT. All
figures in US dollars unless otherwise stated