Flex (NASDAQ:FLEX) reported its Q3 earnings results on Wednesday, January 26, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Flex beat estimated earnings by 35.14%, reporting an EPS of $0.5 versus an estimate of $0.37, which surprised analysts.
Revenue was up $101.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13, which was followed by a 6.24% drop in the share price the next day.
Here's a look at Flex's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.35 | 0.38 | 0.36 | 0.37 |
| EPS Actual | 0.48 | 0.46 | 0.49 | 0.49 |
| Revenue Estimate | 5.49B | 6.14B | 5.82B | 6.23B |
| Revenue Actual | 6.23B | 6.34B | 6.27B | 6.72B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Flex management provided guidance for their next quarter, expecting earnings between $0.41 and $0.46 per share for the next quarter.
This represents a -13.0% in quarter-over-quarter growth for Flex, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
