Flex Revised FY25 Outlook For Revenues To $24.9B-$25.5B (From $25.4B-$26.4B) Vs. $25.78B Estimate, Adjusted EPS To $2.39-$2.51 (From $2.30-$2.50) Vs. $2.41 Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex has revised its FY25 revenue outlook to $24.9B-$25.5B from $25.4B-$26.4B, which is below the $25.78B estimate. Adjusted EPS is now expected to be $2.39-$2.51, slightly above the $2.41 estimate.
October 30, 2024 | 12:13 pm
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Flex has lowered its FY25 revenue outlook to $24.9B-$25.5B, which is below the market estimate of $25.78B. However, the company has raised its adjusted EPS guidance to $2.39-$2.51, slightly above the $2.41 estimate.
The revision of the revenue outlook to below market expectations could negatively impact investor sentiment. However, the increase in adjusted EPS guidance, which is above estimates, may offset some of the negative impact. Overall, the mixed signals could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100