Flex Q1 sales beat estimates; outlook raised
FLEX•Analyst coverage and valuation
The current average analyst rating on the shares is "buy", with 14 "strong buy" or "buy" recommendations, no "hold", and no "sell" or "strong sell".
The average consensus recommendation for the electronic equipment & parts peer group is "buy".
Wall Street's median 12-month price target for Flex Ltd is $168.32, about 48.6% above its July 28 closing price of $113.28.
The stock recently traded at 22 times the next 12-month earnings versus a P/E of 18 three months ago.
Q1 sales and earnings beat estimates
Global manufacturing solutions firm Flex said fiscal first-quarter net sales rose 21% year over year, beating analyst expectations.
Adjusted EPS for fiscal Q1 reached $1.00, also beating analyst expectations.
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
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