Flex: Q3 Earnings Insights

Flex FLEX reported its Q3 earnings results on Wednesday, January 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Flex beat estimated earnings by 35.14%, reporting an EPS of $0.5 versus an estimate of $0.37, which surprised analysts.

Revenue was up $101.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.13, which was followed by a 6.24% drop in the share price the next day.

Here's a look at Flex's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.35 0.38 0.36 0.37
EPS Actual 0.48 0.46 0.49 0.49
Revenue Estimate 5.49B 6.14B 5.82B 6.23B
Revenue Actual 6.23B 6.34B 6.27B 6.72B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Flex management provided guidance for their next quarter, expecting earnings between $0.41 and $0.46 per share for the next quarter.

This represents a -13.0% in quarter-over-quarter growth for Flex, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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