Flex Stock Up 14% in the Past Six Months: Will the Rally Last?
FLEXFlex(FLEX) ZACKS·2024-09-24 20:16

Flex Ltd (FLEX) has witnessed strong momentum in the past year, with its shares rising 14.2% compared with the S&P 500 composite and the subindustry’s growth of 9.4% and 6.9%, respectively.The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 15%. The stock is still down 4% from its 52-week high level of $34.12 on May 30, 2024.Flex has evolved into an end-to-end solutions provider where it is engaged in design, procurement, manufactur ...