Flex Ltd <FLEX.OQ> expected to post earnings of 56 cents a share - Earnings Preview
Flex Ltd FLEX.OQ FLEX.O is expected to show a fall in quarterly revenue when it reports results on October 30 for the period ending September 30 2024
The Singapore-based company is expected to report a 12.6% decrease in revenue to $6.528 billion from $7.47 billion a year ago, according to the mean estimate from 8 analysts, based on LSEG data.The company's guidance on July 24 2024, for the period ended September 30, was for revenue between $6.20 billion and $6.80 billion.
LSEG's mean analyst estimate for Flex Ltd is for earnings of 56 cents per share. The company's EPS guidance on July 24 2024, for the period ended September 30, was between $0.52 and $0.60
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 39.00, above its last closing price of $35.21.
The company's guidance on July 24 2024 for the period ended September 30 was for Earnings before Interest and Taxes between USD310 million and USD350 million.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 0.41 | 0.41 | 0.51 | Beat | 24 |
Jan. 1 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 |
Jan. 1 0001 | 0.51 | 0.51 | 0.57 | Beat | 12 |
Mar. 31 2023 | 0.51 | 0.51 | 0.60 | Beat | 17.1 |
Jan. 1 0001 | 0.60 | 0.60 | 0.62 | Beat | 3.2 |
Jan. 1 0001 | 0.51 | 0.51 | 0.63 | Beat | 23.5 |
This summary was machine generated October 28 at 13:09 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)
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