Flex Ltd expected to post earnings of 56 cents a share - Earnings Preview
28/10/2024 13:09
* Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in
quarterly revenue when it reports results on October 30 for the
period ending September 30 2024
* The Singapore-based company is expected to report a
12.6% decrease in revenue to $6.528 billion from $7.47 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.The company's guidance on July 24 2024, for the
period ended September 30, was for revenue between $6.20 billion
and $6.80 billion.
* LSEG's mean analyst estimate for Flex Ltd is for earnings
of 56
cents per share. The company's EPS guidance on July 24 2024, for
the period ended September 30, was between $0.52 and $0.60
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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
39.00, above its last closing price of $35.21.
The company's guidance on July 24 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD310 million and USD350 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jun. 30 2024 0.41 0.41 0.51 Beat 24
Jan. 1 2024 0.56 0.56 0.57 Beat 2.7
Dec. 31 2023 0.61 0.61 0.71 Beat 16.1
Sep. 30 2023 0.58 0.58 0.68 Beat 17.4
Jan. 0.51 0.51 0.57 Beat 12
1 0001
Mar. 31 2023 0.51 0.51 0.60 Beat 17.1
Jan. 1 0001 0.60 0.60 0.62 Beat 3.2
Jan. 1 0001 0.51 0.51 0.63 Beat 23.5
This summary was machine generated October 28 at 13:09 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)