Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Flex (FLEX) , which belongs to the Zacks Electronics - Miscellaneous Products industry.This electronics designer and manufacturer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 15.88%.For the most recent quarter, Flex was expected ...

Richard Drury Investment Thesis Flex Ltd.(NASDAQ:FLEX) stock is in a solid upward trajectory gaining about 76.94% outperforming the S&P 500 by a margin of about 50.59%. Seeking Alpha While it could be troubling to some investors whether there is a remaining runway after such a rally, I am bullish on this stock and I rate it a buy. My bullish stance stems from the company’s robust business model, financial strength, and innovation. A buy recommendation is justified by the undervaluation based on relati ...

AUSTIN, Texas, March 4, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced its inclusion as one of Ethisphere's 2024 World's Most Ethical Companies in the category of industrial manufacturing. This recognition underscores Flex's unwavering commitment to ethical business practices, integrity, and corporate social responsibility. "Companies that operate with business integrity elevate industry standards and perform better in the long-term," said Erica Salmon Byrne, Ethisphere's Executive Chair and Chief ...

It has been about a month since the last earnings report for Flex (FLEX) . Shares have added about 12.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Flex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. FLEX Q3 Earnings Surpass EstimatesFlex reported third-quarte ...

Flex Ltd (FLEX) reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of 71 cents, which beat the Zacks Consensus Estimate by 14.5%. The bottom line grew 14.5% year over year.Revenues decreased 8% year over year to $7.1 billion. However, it beat the consensus mark by 5.5%. The downtick was caused by weakness across the Agility and Reliability Solutions segments.Revenues for Core Flex (which represents Flex’s total revenues excluding Flex’s 51.47% economic interest in Nextracker) was $6.4 bill ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23354 FLEX LTD. (Exact name of registrant as specified in its charter) Singapore Not Applicable (State or other jurisdiction of ...

Flex Ltd. (NASDAQ:FLEX) Q3 2024 Earnings Conference Call January 31, 2024 4:30 PM ET Company Participants Revathi Advaithi - CEO Paul Lundstrom - CFO David Rubin - VP, IR Conference Call Participants Mark Delaney - Goldman Sachs Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America Steven Fox - Fox Advisors George Wang - Barclays Operator Good afternoon, and thank you for standing by. Welcome to Flex's Third Quarter Fiscal 2024 Earnings Conference Call. Presently all participants are in a listen-only m ...

AUSTIN, Texas, Jan. 8, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on th ...

Flex (NASDAQ:FLEX) stock is moving on Wednesday after the technology, supply chain and manufacturing solutions company completed a spinoff of Nextracker (NASDAQ:NXT) to its shareholders.This saw the company divest the remaining stake it held in energy solutions company Nexttracker to investors in FLEX. That resulted in Flex shareholders obtaining .17 shares of Nexttracker for each share they own. That comes to a total of 74,432,619 shares of Nexttracker stock issued to these investors.Flex notes that with t ...

AUSTIN, Texas, Jan. 2, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of the spin-off of all of its remaining interest in Nextracker Inc. ("Nextracker") to Flex shareholders on a pro rata basis.  Under the previously disclosed terms of the transaction, Flex shareholders received approximately 0.17 shares of Nextracker Class A common stock for every Flex ordinary share held as of the record date of December 29, 2023, with 74,432,619 shares of Nextracker Class A common stock issued to ...