Flex Ltd expected to post earnings of 63 cents a share - Earnings Preview

Flex

27/01/2025 13:36

* Flex Ltd  FLEX.OQ   FLEX.O  is expected to show a fall in
quarterly revenue when it reports  results on January 29 for the
period ending December 31 2024
    * The Austin Texas-based  company is expected to report a
12.7% decrease in revenue to $6.204 billion from $7.1 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on October 30 2024, for the
period ended December 31, was for revenue between $6.00 billion
and $6.40 billion.
    * ​LSEG's mean analyst estimate for Flex Ltd is for earnings
of 63
cents per share. The company's EPS guidance on October 30 2024,
for the period ended December 31, was between $0.60 and $0.66 
    * 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 fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Flex Ltd is
$45.50​, above​ its last closing price of $44.27. ​​​

The company's guidance on October 30 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD335 million and USD365 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 2024  0.56        0.56       0.64      Beat    13.6
 Jun. 30 2024  0.41        0.41       0.51      Beat    24
 Mar. 31 2024  0.56        0.56       0.57      Beat    2.7​
 Dec. 31 2023  0.61        0.61       0.71      Beat    16.1
 ​​Sep.        0.58        0.58       0.68      Beat    17.4
 30 2023                                                
 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
 This summary was machine generated January 27 at 13:36 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)