Flextronics International (Nasdaq: FLEX ) is expected to report Q3 earnings on Jan. 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Flextronics International's revenues will wither -19.9% and EPS will expand 11.1%.
The average estimate for revenue is $6.01 billion. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Flextronics International reported revenue of $6.17 billion. GAAP reported sales were 23% lower than the prior-year quarter's $8.01 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.26. GAAP EPS of $0.23 for Q2 were 35% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 5.9%, 120 basis points better than the prior-year quarter. Operating margin was 2.7%, 80 basis points better than the prior-year quarter. Net margin was 2.4%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $23.88 billion. The average EPS estimate is $0.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 600 members out of 630 rating the stock outperform, and 30 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 159 give Flextronics International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is outperform, with an average price target of $8.24.
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