Benzinga | Jan 25, 2022 10:09AM EST

Earnings Preview: Flex

Flex (NASDAQ:FLEX) is set to give its latest quarterly earnings report on Wednesday, 2022-01-26. Here's what investors need to know before the announcement.

Analysts estimate that Flex will likely report an Earnings Per Share (EPS) of $0.37.

Flex bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.13, which was followed by a 6.24% drop in the share price the next day.

Here's a look at Flex's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 0.35 0.38 0.36 0.37EPS Actual 0.48 0.46 0.49 0.49Price Change % -6.24% 2.69% 3.23% -4.49%

Stock Performance

Shares of Flex were trading at $16.38 as of January 24. Over the last 52-week period, shares are down 8.61%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here