Flex is set to report earnings Wednesday morning. The global manufacturing solutions provider beat revenue expectations last quarter with $7.48 billion, up 16.9% year on year. For this quarter, analysts expect revenue growth of 14.4% year on year, an improvement from the 4.1% growth in the same quarter last year. Flex shares are down 26.3% over the past month, while the broader tech hardware and electronics segment saw average share price gains of 3.2%. The average analyst price target stands at $170.70, compared to the current share price of $117.64.
Flex LtdFlex is reporting earnings; past beat and expected growth are positive, but shares have declined 26% and analyst price target implies upside.