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Flex: Q1 Earnings Insights

Flex (NASDAQ:FLEX) reported its Q1 earnings results on Wednesday, July 27, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Flex beat estimated earnings by 12.5%, reporting an EPS of $0.54 versus an estimate of $0.48.

Benzinga · 07/27/2022 17:44

Flex (NASDAQ:FLEX) reported its Q1 earnings results on Wednesday, July 27, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Flex beat estimated earnings by 12.5%, reporting an EPS of $0.54 versus an estimate of $0.48.

Revenue was up $1.00 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 2.93% drop in the share price the next day.

Here's a look at Flex's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.41 0.37 0.35 0.38
EPS Actual 0.52 0.50 0.48 0.46
Revenue Estimate 6.11B 5.58B 5.49B 6.14B
Revenue Actual 6.85B 6.62B 6.23B 6.34B

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.