Market Overview

Flex's Earnings Outlook

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Flex (NASDAQ: 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

 

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