Flex Ltd (FLEX) is scheduled to report its third-quarter fiscal 2025 results on January 29, 2025. The Zacks Consensus Estimate forecasts revenues of $6.21 billion, marking a 12.6% decline from the previous year’s figure, with earnings projected at 63 cents per share, down 11.3% year-over-year.
For the quarter, Flex expects revenues between $6 billion and $6.4 billion, with adjusted earnings anticipated at 60-66 cents per share, excluding restructuring and stock-based compensation charges. The company’s recent acquisitions, including a $325 million deal for Crown Technical Systems and another acquisition of JetCool Technologies, are expected to enhance its offerings in the data center and utility power markets.
In its Reliability Solutions business, Flex forecasts flat to down mid-single digits sales due to macroeconomic challenges in the automotive sector. The Agility Solutions segment is expected to face declines as well, affected by weak demand in networking and IT spending. However, growth in medical devices, cloud, and data center sectors may provide some offset.
