Preview: Flex's Earnings
Portfolio Pulse from Benzinga Insights
Flex (NASDAQ:FLEX) is expected to report an EPS of $0.61 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Flex's stock price has reacted to both earnings results and guidance. Last quarter, Flex beat the EPS estimate by $0.10, leading to a 10.98% stock price increase the following day. Over the past year, Flex shares have risen 38.31%, with the stock trading at $23.05 as of January 29.
January 30, 2024 | 5:01 pm
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POSITIVE IMPACT
Flex is anticipated to report an EPS of $0.61, with investors focusing on an earnings beat and positive future guidance. The stock has historically reacted to earnings outcomes and guidance, with a significant increase after last quarter's beat. Shares have been performing well, with a 38.31% increase over the past year.
Given Flex's history of stock price increases following an earnings beat and the positive trend over the past year, there is a high likelihood of a short-term positive impact if the company reports favorable earnings and guidance. The relevance and importance are high as the earnings report is a significant event for the company, and the confidence level reflects the consistent past performance as an indicator.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100