Flex (FLEX) Q3 Earnings and Revenues Top Estimates

Group 1 - Flex reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, and up from $0.71 per share a year ago, representing an earnings surprise of 20.31% [1] - The company achieved revenues of $6.56 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.55%, although this is a decrease from year-ago revenues of $7.1 billion [2] - Flex has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 5.7% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $6.33 billion, and for the current fiscal year, it is $2.45 on revenues of $25.25 billion [7] - The Electronics - Miscellaneous Products industry, to which Flex belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]