Flex Ltd expected to post earnings of 70 cents a share - Earnings Preview

Flex

05/05/2025 14:41

Flex Ltd FLEX.OQ FLEX.O is expected to show a rise in quarterly revenue when it reports  results on May 7 for the period ending March 31 2025

The Austin Texas-based  company is expected to report a 1.1% increase in revenue to $6.237 billion from $6.17 billion a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on January 29 2025, for the period ended March 31, was for revenue between $6.00 billion and $6.40 billion.

​LSEG's mean analyst estimate for Flex Ltd is for earnings of 70 cents per share. The company's EPS guidance on January 29 2025, for the period ended March 31, was between $0.65 and $0.73

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 $43.23​, above​ its last closing price of $36.74. ​​​

The company's guidance on January 29 2025 for the period ended March 31 was for Earnings before Interest and Taxes between USD360 million and USD400 million.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
0.63
0.63
0.77
Beat
21.6
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. 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

This summary was machine generated May 5 at 13:41 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)