Flex Ltd expected to post earnings of 56 cents a share - Earnings Preview
29/04/2024 14:43
* Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in
quarterly revenue when it reports results on May 1 for the
period ending March 31 2024
* The Singapore-based company is expected to report a
18.4% decrease in revenue to $6.1 billion from $7.48 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
* LSEG's mean analyst estimate for Flex Ltd is for earnings
of 56
cents per share. The company's EPS guidance on January 31 2024,
for the period ended March 31, was between $0.50 and $0.60
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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
$30.43, above its last closing price of $28.97.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.61 0.61 0.71 Beat 16.1
Sep. 30 2023 0.58 0.58 0.68 Beat 17.4
Jun. 30 2023 0.51 0.51 0.57 Beat 12
Mar. 31 2023 0.51 0.60 17.1
Dec. 0.60 0.60 3.2
31 2022
Sep. 30 2022 0.51 0.51 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
This summary was machine generated April 29 at 13:43 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)