FLEX Stock Recent News

The EMS industry has thin profit margins due to complex supply chains, changing customer demands, and large capital investments. The company focuses on high-margin sectors and operational optimization initiatives to expand margins. Its margin expansion trajectory indicates significant value creation over the next few years.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Stocks like CrossAmerica Partners (CAPL), Flex (FLEX), Kinsale Capital Group (KNSL) and Merchants Bancorp (MBIN) have been selected as the momentum picks for the day using the Driehaus strategy.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Flex announced stronger-than-expected earnings for its fiscal second quarter, driven by margin expansion initiatives. The manufacturing leader also announced a plan to spin off its 51.47% interest in Nextracker to Flex shareholders.

Start Time: 16:30 January 1, 0000 5:14 PM ET Flex Ltd. (NASDAQ:FLEX ) Q2 2024 Earnings Conference Call October 25, 2023, 16:30 PM ET Company Participants Revathi Advaithi - CEO Paul Lundstrom - CFO David Rubin - VP, IR Conference Call Participants Matt Sheerin - Stifel Steven Fox - Fox Advisors Ruplu Bhattacharya - Bank of America Samik Chatterjee - JPMorgan George Wang - Barclays Mark Delaney - Goldman Sachs Operator Good afternoon and thank you for standing by.

AUSTIN, Texas , Oct. 9, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m.

FLEX's performance benefits from strength across the Reliability Solutions segment backed by a strong customer backlog.

Flex has achieved a higher than its long-term average operating margin due to the success of its Nextracker segment, which has had significant revenue growth. The company operates through three segments: reliability solutions, agility solutions, and Nextracker, providing a range of solutions for various industries. Despite positive growth prospects, FLEX stock doesn't look too good to me, as the vertical prospects seem to be priced in; I have a hold rating for the stock.

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