Earnings To Watch: Flex (FLEX) Reports Q4 Results Tomorrow

Global manufacturing solutions provider Flex (NASDAQ:FLEX) will be announcing earnings results this Wednesday before the bell. Here’s what to look for.

Flex beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $6.80 billion, up 4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ full-year EPS guidance estimates and a decent beat of analysts’ revenue estimates.

Is Flex a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Flex’s revenue to grow 3.9% year on year to $6.81 billion, improving from the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Flex has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.4% on average.

Looking at Flex’s peers in the tech hardware & electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Amphenol delivered year-on-year revenue growth of 49.1%, beating analysts’ expectations by 3.3%, and Plexus reported revenues up 9.6%, in line with consensus estimates. Amphenol traded down 10% following the results while Plexus was up 9.3%.

Read our full analysis of Amphenol’s results here and Plexus’s results here.

Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Flex is up 5.7% during the same time and is heading into earnings with an average analyst price target of $73.70 (compared to the current share price of $64.71).

P.S. STOP buying the AI stocks everyone's talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.