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

Flex

25/10/2023 22:39

* Flex Ltd  FLEX.OQ  reported quarterly adjusted earnings of
68
cents​​ per share for the quarter ended in September. The mean
expectation of eight analysts for the quarter was for earnings
of 58 cents per share.
    * Revenue fell 3.8% to $7.47 billion from a year ago;
analysts
expected $7.52 billion. 
    * Flex Ltd's reported EPS for the quarter was 51 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Flex Ltd shares had fallen by 11.7% this quarter and
gained 11.0% so far this year.
    * The company reported quarterly net income of $228 million.
    * Wall Street's median 12-month price target for Flex Ltd is
$33.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.58           0.68           Beat
 Jun. 30 2023      0.51           0.57           Beat
 Mar. 31 2023      0.51           0.60           Beat
 Dec. 31 2022      0.60           0.62           Beat