Flex Ltd expected to post earnings of 58 cents a share - Earnings Preview
24/10/2023 03:03
* Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in
quarterly revenue when it reports results
* The Singapore-based company is expected to report a
3.2% decrease in revenue to $7.52 billion from $7.77 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on July 26 2023, for
the period ended September 30, was for revenue between $7.30
billion and $7.70 billion.
* Refinitiv's mean analyst estimate for Flex Ltd is for
earnings
of 58 cents per share. The company's EPS guidance on July 26
2023, for the period ended September 30, was between $0.55 and
$0.60
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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
$33,
above its last closing price of $23.72.
The company's guidance on July 26 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD370 million and USD400 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
Jun. 30 2023 0.51 0.51 0.57 Beat 12
Mar. 31 2023 0.51 0.51 0.60 Beat 17.1
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. 0.48 0.48 0.54 Beat 12.7
30 2022
Mar. 31 2022 0.44 0.44 0.52 Beat 17.4
Dec. 31 2021 0.42 0.42 0.50 Beat 19.9
Sep. 30 2021 0.41 0.40 0.48 Beat 18.7
This summary was machine generated October 24 at 02:03 GMT. All
figures in US dollars unless otherwise stated