AI Beneficiary Flex Stock Declines After Q4 Print, What's Going On?

Benzinga05-01

Flex Ltd (NASDAQ:FLEX) traded lower by about 9% at $26.08 per share at last check on Wednesday.

The manufacturing company reported a fiscal fourth-quarter 2024 net sales decline of 11.7% year-on-year to $6.17 billion.

It beat the analyst consensus estimate of $6.11 billion.

The diversified manufacturing company’s adjusted EPS of 57 cents beat the consensus of 56 cents. The stock price declined after the print.

The gross margin increased 43 bps to 7.1%.

The adjusted operating margin improved by 120 bps to 5.4%.

Outlook: Flex expects fiscal first quarter 2025 revenue of $5.6 billion – $6.2 billion against $6.17 billion analyst consensus estimate and adjusted EPS of 37 cents – 45 cents versus 54 cents analyst consensus estimate.

The company projects fiscal 2025 revenue of $25.4 billion – $26.4 billion against $26.27 billion analyst consensus estimate and adjusted EPS of $2.30 – $2.50 versus $2.47 analyst consensus estimate.

Analysts consider Flex to be an AI beneficiary stock pick. Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META) are splurging on artificial intelligence tech. And Flex is expected to gain from the next Apple Inc (NASDAQ:AAPL) product cycle.

Flex stock gained 89% in the last 12 months. Investors can gain exposure to the stock via Vanguard Information Tech ETF (NYSE:VGT) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).

Now Read: Setback For Novo Nordisk? Denmark Shifts Prescription Guidelines, Favoring Cost-Effective Alternatives For Ozempic

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The stock price declined after the print.</p>\n<p>The gross margin increased 43 bps to 7.1%.</p>\n<p>The adjusted operating margin improved by 120 bps to 5.4%.</p>\n<p><strong>Outlook:</strong> Flex expects fiscal first quarter 2025 revenue of $5.6 billion – $6.2 billion against $6.17 billion analyst consensus estimate and adjusted EPS of 37 cents – 45 cents versus 54 cents analyst consensus estimate.</p>\n<p>The company projects fiscal 2025 revenue of $25.4 billion – $26.4 billion against $26.27 billion analyst consensus estimate and adjusted EPS of $2.30 – $2.50 versus $2.47 analyst consensus estimate.</p>\n<p>Analysts consider Flex to be an AI beneficiary stock pick. <strong>Microsoft Corp </strong>(NASDAQ:MSFT), <strong>Alphabet Inc</strong> (NASDAQ:GOOG) (NASDAQ:GOOGL) and <strong><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc </strong>(NASDAQ:META) are splurging on artificial intelligence tech. And Flex is expected to gain from the next <strong>Apple Inc</strong> (NASDAQ:AAPL) product cycle.</p>\n<p>Flex stock gained 89% in the last 12 months. Investors can gain exposure to the stock via <strong>Vanguard Information Tech ETF</strong> (NYSE:VGT) and <strong>SPDR Portfolio Developed World Ex-US ETF</strong> (NYSE:SPDW).</p>\n<p><em>Now Read: Setback For Novo Nordisk? 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The stock price declined after the print.\nThe gross margin increased 43 bps to 7.1%.\nThe adjusted operating margin improved by 120 bps to 5.4%.\nOutlook: Flex expects fiscal first quarter 2025 revenue of $5.6 billion – $6.2 billion against $6.17 billion analyst consensus estimate and adjusted EPS of 37 cents – 45 cents versus 54 cents analyst consensus estimate.\nThe company projects fiscal 2025 revenue of $25.4 billion – $26.4 billion against $26.27 billion analyst consensus estimate and adjusted EPS of $2.30 – $2.50 versus $2.47 analyst consensus estimate.\nAnalysts consider Flex to be an AI beneficiary stock pick. Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META) are splurging on artificial intelligence tech. And Flex is expected to gain from the next Apple Inc (NASDAQ:AAPL) product cycle.\nFlex stock gained 89% in the last 12 months. Investors can gain exposure to the stock via Vanguard Information Tech ETF (NYSE:VGT) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).\nNow Read: Setback For Novo Nordisk? Denmark Shifts Prescription Guidelines, Favoring Cost-Effective Alternatives For Ozempic","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432501513"}