Flex Ltd reports results for the quarter ended December 31 - Earnings Summary

Flex

29/01/2025 14:32

* Flex Ltd  FLEX.OQ  reported quarterly adjusted earnings of
77
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 71
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 63 cents per share. Wall Street expected
results to range from 61 cents to 65 cents per share.
    * Revenue fell 7.7% to $6.56 billion from a year ago;
analysts
expected $6.20 billion. 
    * Flex Ltd's reported EPS for the quarter was 67 cents​.
    * The company reported quarterly net income of $263 million.
    * Flex Ltd shares had risen by 5.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Flex Ltd is
$45.50 
This summary was machine generated from LSEG data January 29 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.63           0.77           Beat
 Sep. 30 2024      0.56           0.64           Beat
 Jun. 30 2024      0.41           0.51           Beat
 Mar. 31 2024      0.56           0.57           Beat