Flex Ltd stock saw its IBD SmartSelect Composite Rating rise to 97 Friday, up from 93 the day before.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Flex Ltd stock is currently extended not currently near a proper entry after clearing a flat base with 21.02 buy point. Look for the stock to form and break out of a new chart pattern.
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The stock earns a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
FLEX Earnings
In Q3, the company benefitted from higher demand for is solutions in the industrial and automotive segments. Flex reported 15% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Sales growth fell to -8%, down from -4% in the previous quarter.
Flex Ltd stock holds the No. 3 rank among its peers in the Electronics-Contract Manufacturing industry group. Eltek is the top-ranked stock within the group.
