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Microsoft, Intel, AMD Among Big Tech Earnings Next Week

FLEX Chart FLEX data by YCharts

Flextronics International (FLEX - Get Report)

Background: Flextronics engages in the provision of design and manufacturing services to original equipment manufacturers worldwide. The company was founded in 1990 and is headquartered in Singapore. Flextronics trades an average of four million shares per day with a market cap of $4 billion.

52-Week Range: $5.45 to $7.49

Book Value: $3.38

Price To Book: 1.8

Fiscal second-quarter earnings are highly anticipated by hopeful investors expecting a growth report after the market closes on Thursday.

The analysts' mean appraisal is presently 23 cents a share, a gain of 1 cent (4.3%) from 22 cents during the corresponding quarter last year. Analysts are estimating as low as 22 cents per share to 24 cents per share.

If Flextronics International delivers at least the expected results in this report, this quarter will mark an improvement over the previous. Last quarter the company made 23 cents per share, 1 cent more than the estimate.

TheStreet's Jim Cramer writes about the company in Where Is the Rush to Buy? .

Analysts as a whole like this company. Currently, Flextronics has nine buy recommendations out of 15 analysts covering the company. The stock is about even for the year, and the average analyst target price is $8.21.

It appears short-sellers missed out on this one, despite a unappealing technical chart. Short interest hardly moves the needle with only 0.8% of the float. Don't expect a short squeeze if they beat. FLEX Revenue Quarterly Chart FLEX Revenue Quarterly data by YCharts
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