• Flex Ltd FLEX.OQ reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of nine analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 69 cents to 70 cents per share.

• Revenue rose 3.7% to $6.40 billion from a year ago; analysts expected $6.24 billion.

• Flex Ltd's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $222 million.

• Flex Ltd shares had risen by 11.2% this quarter and lost 4.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Flex Ltd is $43.23

This summary was machine generated from LSEG data May 7 at 02:14 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)