Flex: Q3 Earnings Insights

Flex 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.

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.

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).

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.