Flextronics International (Nasdaq: FLEX ) is expected to report Q1 earnings on July 25. 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 shrink -8.5% and EPS will wane -39.1%.
The average estimate for revenue is $5.48 billion. On the bottom line, the average EPS estimate is $0.14.
Last quarter, Flextronics International reported revenue of $5.30 billion. GAAP reported sales were 17% lower than the prior-year quarter's $6.37 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 $0.13. GAAP EPS were -$0.04 for Q4 against $0.18 per share for the prior-year quarter.
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%, 30 basis points better than the prior-year quarter. Operating margin was 1.7%, 40 basis points worse than the prior-year quarter. Net margin was -0.5%, 250 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $24.37 billion. The average EPS estimate is $0.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 594 members out of 625 rating the stock outperform, and 31 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give Flextronics International a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is hold, with an average price target of $7.14.
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