What's Happening with FLEX
Flex Ltd (FLEX) is scheduled to report Quarter 4 numbers after the market close on May 4. Analysts forecast earnings of $0.41 per share for the quarter. During the same period last year the company earned $0.49, and the stock is down -11.2% on the year.
Technical Analysis
FLEX was recently trading at $16.49 down $3.01 from its 12-month high and $1.61 above its 12-month low. InvestorsObserver gives FLEX a 65 long-term technical score and a 62 short-term technical score. The stock has recent support above $15.16 and recent resistance below $18.55. Of the 5 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 1 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, FLEX gets an overall score of 59 from InvestorsObserver.
Analysts' Thoughts
FLEX has shown annual earnings growth of 0.46% over the last five years, and looking ahead analysts expect the company to grow profits 18.50% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.38 EPS. FLEX is currently trading at $16.49 with an average price target of $22.25.