Flex FLEX announces its next round of earnings Thursday. Here's Benzinga's advanced look at Flex's Q3 earnings report.
Earnings and Revenue
Based on Flex management projections, analysts predict EPS of 30 cents per share on revenue of $6.5 billion.
In the same quarter last year, Flex reported earnings per share of 61 cents per share on sales of $6 billion. The current analyst consensus estimate would represent a 11.76 percent decline in the company's EPS figure. Revenue would be up 6.30 percent from the same quarter last year.
The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.26 | 0.26 | 0.29 | 0.33 |
| EPS Actual | 0.27 | 0.24 | 0.29 | 0.34 |
Q3 EPS Estimate: 30 cents per share
Q3 Revenues Estimate: $6 billion
Stock Performance
Shares of Flex were trading at $19.1 as of Jan. 25. Over the last 52-week period, shares are up 30.7 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts have been rating Flex stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Flex's Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://investors.flex.com/home/default.aspx
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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