Flex (NASDAQ:FLEX) reported its Q4 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Flex beat estimated earnings by 26.83%, reporting an EPS of $0.52 versus an estimate of $0.41.
Revenue was up $585.00 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 0.44% drop in the share price the next day.
Here's a look at Flex's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.35 | 0.38 | 0.36 |
| EPS Actual | 0.50 | 0.48 | 0.46 | 0.49 |
| Revenue Estimate | 5.58B | 5.49B | 6.14B | 5.82B |
| Revenue Actual | 6.62B | 6.23B | 6.34B | 6.27B |
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 Q1 2023, expecting earnings between $0.44 and $0.5 per share.
To track all earnings releases for Flex visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
