Core Viewpoint - Analysts forecast Flex (FLEX) will report quarterly earnings of $0.69 per share, reflecting a year-over-year increase of 21.1% and revenues of $6.23 billion, a 1% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 2.2% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue and Segment Performance - Analysts project 'Net Sales- Flex Reliability Solutions' to reach $2.79 billion, a decrease of 4.6% year-over-year [5] - 'Net Sales- Flex Agility Solutions' is expected to reach $3.45 billion, indicating a year-over-year increase of 6.5% [5] - 'Segment income- Flex Reliability Solutions' is estimated at $180.03 million, up from $171 million year-over-year [6] - 'Segment income- Flex Agility Solutions' is projected at $208.22 million, compared to $181 million in the same quarter last year [6] Stock Performance - Over the past month, shares of Flex have returned +37.7%, significantly outperforming the Zacks S&P 500 composite's +0.4% change [6] - Flex currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]