We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q4 Potential of Flex (FLEX): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Flex (FLEX - Free Report) will report quarterly earnings of $0.69 per share in its upcoming release, pointing to a year-over-year increase of 21.1%. It is anticipated that revenues will amount to $6.23 billion, exhibiting an increase of 1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Flex metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Sales- Flex Reliability Solutions' will likely reach $2.79 billion. The estimate points to a change of -4.6% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Flex Agility Solutions' will reach $3.45 billion. The estimate suggests a change of +6.5% year over year.
Based on the collective assessment of analysts, 'Segment income- Flex Reliability Solutions' should arrive at $180.03 million. The estimate compares to the year-ago value of $171 million.
Analysts expect 'Segment income- Flex Agility Solutions' to come in at $208.22 million. Compared to the current estimate, the company reported $181 million in the same quarter of the previous year.
Over the past month, shares of Flex have returned +37.7% versus the Zacks S&P 500 composite's +0.4% change. Currently, FLEX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q4 Potential of Flex (FLEX): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Flex (FLEX - Free Report) will report quarterly earnings of $0.69 per share in its upcoming release, pointing to a year-over-year increase of 21.1%. It is anticipated that revenues will amount to $6.23 billion, exhibiting an increase of 1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Flex metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Sales- Flex Reliability Solutions' will likely reach $2.79 billion. The estimate points to a change of -4.6% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Flex Agility Solutions' will reach $3.45 billion. The estimate suggests a change of +6.5% year over year.
Based on the collective assessment of analysts, 'Segment income- Flex Reliability Solutions' should arrive at $180.03 million. The estimate compares to the year-ago value of $171 million.
Analysts expect 'Segment income- Flex Agility Solutions' to come in at $208.22 million. Compared to the current estimate, the company reported $181 million in the same quarter of the previous year.
View all Key Company Metrics for Flex here>>>
Over the past month, shares of Flex have returned +37.7% versus the Zacks S&P 500 composite's +0.4% change. Currently, FLEX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>