Flextronics International Earnings Preview: Can This Streak Continue?

Flextronics International (NASDAQ:FLEX) will report earnings after markets close on Tuesday, April 30th. Flextronics International Ltd. provides electronics manufacturing services. The Company’s customers include original equipment manufacturers in the telecommunications, networking, computer, consumer electronics, and medical device industries.

Here is your Cheat Sheet to Flextronics International Earnings:

Earnings Expectations: Analysts expect earnings of $0.13 per share on revenues of $5.19 billion. Currently, the company’s P/E ratio stands at 10.79.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.22 to a profit $0.16. For the current year, the average estimate is a profit of $0.83, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Flextronics International has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 27,560 30,950 24,110 28,490 29,390
Diluted EPS ($) -0.89 -7.47 0.02 0.75 0.67

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 7,469 6,415 5,990 6,175 6,123
Diluted EPS ($) 0.14 0.1783 0.19 0.22 0.04

Past Performance:
Flextronics International has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)