Flex Ltd reports results for the quarter ended in June - Earnings Summary

Flex

26/07/2023 22:46

* Flex Ltd  FLEX.OQ  reported quarterly adjusted earnings of
57
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 51 cents per share.
    * Revenue fell 0.1% to $7.34 billion from a year ago;
analysts
expected $7.28 billion. 
    * Flex Ltd's reported EPS for the quarter was 41 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Flex Ltd shares had risen by 2.8% this quarter and
gained 32.4%
so far this year.
    * The company reported quarterly net income of $186 million.
    * Wall Street's median 12-month price target for Flex Ltd is
$31.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.51           0.57           Beat
 Mar. 31 2023      0.51           0.60           Beat
 Dec. 31 2022      0.60           0.62           Beat
 Sep. 30 2022      0.51           0.63           Beat