Flex Ltd expected to post earnings of 61 cents a share - Earnings Preview
29/01/2024 21:56
* Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in
quarterly revenue when it reports results on January 31 for the
period ending December 31 2023
* The Singapore-based company is expected to report a
13.3% decrease in revenue to $6.724 billion from $7.76 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on October 25 2023, for the
period ended December 31, was for revenue between $6.50 billion
and $6.90 billion.
* LSEG's mean analyst estimate for Flex Ltd is for earnings
of 61
cents per share. The company's EPS guidance on October 25 2023,
for the period ended December 31, was between $0.57 and $0.65
* 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
$33.00, above its last closing price of $23.01.
The company's guidance on October 25 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD375 million and USD425 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
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 0.51 0.60 Beat 17.1
Dec. 31 2022 0.60 0.60 0.62 Beat 3.2
Sep. 0.51 0.51 0.63 Beat 23.5
30 2022
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. 31 2021 0.42 0.42 0.50 Beat 19.9
This summary was machine generated January 29 at 21:56 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)