Latest news with #Flex
Business Insider
10 hours ago
- Automotive
- Business Insider
Amazon Ditches Kia Trial and Goes Back to Gig Workers for Deliveries
Gig workers have got their gig back at U.S. tech giant Amazon (AMZN) after it ditched a two year long delivery experiment. Confident Investing Starts Here: Car Plan Scrapped Amazon has, according to Bloomberg, scrapped a trial where contract delivery firms in several US states deployed drivers for four- or five-hours shifts in boxy little Kia Corp. hatchback cars. Amazon hoped that the trial, which began to roll out in 2023 in Florida, Illinois, Massachusetts, Ohio, Texas and Washington, would give it more control of deliveries and reduce its reliance on Flex drivers. These are people who use their own cars to deliver orders to customers' homes. These gig economy workers will now once again get behind the wheel. Reportedly owners of the participating Delivery Service Partners, as Amazon calls its contract delivery firms, were recently notified that the quick-delivery program will be winding down over the next few months. 'After more than a year of gathering feedback from customers, DSPs, and teams at Same-Day Delivery facilities, we've determined that the DSP model isn't currently the right fit for Same-Day Delivery and we'll be moving away from it,' Amazon spokesperson Steve Kelly said. 'We appreciate the contributions from participating DSPs and their teams, and we'll provide support throughout this transition.' Speed Need Kelly said the affected DSPs can operate other Amazon routes. These DSPs lease blue Amazon Prime-branded vans and employ the drivers, who might deliver 200 or more packages a day. Flex drivers opt in via a smartphone app and typically deliver packages from Amazon's same-day delivery depots. (WMT) and Target (TGT). It recently announced plans to invest up to $4 billion to expand its rural delivery network by 2026. Is AMZN a Good Stock to Buy Now? On TipRanks, AMZN has a Strong Buy consensus based on 46 Buy and 1 Hold ratings. Its highest price target is $305. AMZN stock's consensus price target is $241.64 implying a 15.13% upside.
Yahoo
3 days ago
- Business
- Yahoo
Flex Ltd. (FLEX) Hit a 52 Week High, Can the Run Continue?
A strong stock as of late has been Flex (FLEX). Shares have been marching higher, with the stock up 7.1% over the past month. The stock hit a new 52-week high of $45.84 in the previous session. Flex has gained 17.9% since the start of the year compared to the 1.6% gain for the Zacks Computer and Technology sector and the -19.5% return for the Zacks Electronics - Miscellaneous Products industry. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 7, 2025, Flex reported EPS of $.73 versus consensus estimate of $.69 while it beat the consensus revenue estimate by 2.73%. For the current fiscal year, Flex is expected to post earnings of $2.9 per share on $25.92 billion in revenues. This represents a 9.43% change in EPS on a 0.43% change in revenues. For the next fiscal year, the company is expected to earn $3.27 per share on $27.11 billion in revenues. This represents a year-over-year change of 12.62% and 4.59%, respectively. Though Flex has recently hit a 52-week high, what is next for Flex? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style. Flex has a Value Score of A. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of A. In terms of its value breakdown, the stock currently trades at 15.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 18.7X. On a trailing cash flow basis, the stock currently trades at 11.6X versus its peer group's average of 11.6X. Additionally, the stock has a PEG ratio of 1.5. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Flex an interesting choice for value investors. We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Flex currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Flex passes the test. Thus, it seems as though Flex shares could still be poised for more gains ahead. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
5 days ago
- Business
- Bloomberg
Stocks Calm on Mideast De-Escalation Reports
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Relative calm returned to global markets, with stocks climbing and oil sinking as fears subsided that Israel's war against Iran would escalate into a wider conflict. And President Trump's family unveils a new Trump-branded mobile phone service called "T1 Mobile" that will rely on pre-existing wireless networks and hardware. And is manufacturing coming back to the US? We'll talk to the CEO of the manufacturing company Flex on what could be a factory revival in North America. (Source: Bloomberg)
Bloomberg
5 days ago
- Business
- Bloomberg
Manufacturing CEO Sees a Factory Resurgence
Flex is an advanced manufacturing company that builds products for industries including cloud computing, data centers, aerospace and defense. Flex CEO Revathi Advaithi joined Bloomberg Open Interest to talk about the trends she's seeing in US manufacturing as President Trump's tariffs reshape global trade. (Source: Bloomberg)
Yahoo
5 days ago
- Business
- Yahoo
Celestica vs. Flex: Which EMS Stock Has Better Growth Potential?
Celestica Inc. CLS and Flex Ltd. FLEX are two leading players in the electronics manufacturing services (EMS) industry. Celestica is one of the largest EMS companies in the world, primarily serving original equipment manufacturers, cloud-based and other service providers, and business enterprises across several industries. It offers a comprehensive range of manufacturing and supply-chain solutions that support various customer requirements, from low-volume, high-complexity custom products to high-volume commodity the other hand, Singapore-based Flex offers advanced manufacturing solutions to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions. The company has also expanded its service offerings in software, robotics, artificial intelligence (AI), factory automation, simulation, digital twins and other emerging domain-specific expertise in core areas, both Celestica and Flex are strategically positioned in the EMS landscape, serving similar markets such as cloud computing, automotive, healthcare and industrials. Let us delve a little deeper into the companies' competitive dynamics to understand which of the two is relatively better placed in the industry. With more than 25 years of experience in manufacturing, backed by a simplified and optimized global network, Celestica is committed to delivering next-generation, cloud-optimized data storage and industry-leading networking solutions to help customers balance performance, power efficiency and space as technologies evolve. The company had benefited from the ongoing generative AI boom, thanks to the solid demand trends for AI/ML (machine learning) compute and networking products from hyperscale is benefiting from the 800G family of network switches, which are vital for data centers that power AI applications and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI). This transformational solution offers a foundational technology to advance AI while maintaining scalable, sustainable and profitable business models. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. These state-of-the-art products have translated into solid top-line growth in recent the company remains plagued by margin woes. Celestica's products are highly sophisticated and typically based on the latest technological innovations, which have historically led to high research and development costs. High operating expenses have contracted margins. Moreover, Celestica faces stiff competition from industry giants like Foxconn, Jabil Inc. JBL and Sanmina Corporation SANM. The highly cyclical nature of the semiconductor industry further remains an overhang, particularly in the aftermath of reciprocal tariffs. With a diverse workforce across 30 countries, Flex is well-positioned to cater to the evolving demands arising from the proliferation of the Internet of Things (IoT), autonomous/connected cars, industrial automation, augmented & virtual reality (AR/VR) and 5G technologies. The company's technology and vertical integration capabilities serve many applications, like hyperscale data centers, renewables and next-generation mobility. Strategic initiatives undertaken by the company are driving growth across multiple business fiscal 2025, Flex's cloud and data center power business expanded 50% from the prior-year period. The company continues to anticipate strong growth in the cloud and data center power business in fiscal 2026. Its innovative suite of power products and services enhances customer satisfaction. All these factors favorably position Flex for the AI-powered technology shift prevalent in the industry, from grid to chip and from the cloud to the edge. However, Flex operates in a highly competitive environment, facing competition from both domestic and international electronic manufacturers, manufacturing service providers and designers like Jabil and Sanmina. The tense geopolitical situation between the United States and China and the wars in Europe and the Middle East remain headwinds. Against the backdrop of this global uncertainty, low demand in some consumer-centric markets is negatively impacting its margins. The Zacks Consensus Estimate for Celestica's 2025 sales and EPS implies year-over-year growth of 13.1% and 30.1%, respectively. The EPS estimates for 2025 have been trending northward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Flex's 2025 sales implies a year-over-year rise of 0.4%, while that of EPS suggests growth of 9.4%. The EPS estimates for 2025 have been trending northward over the past 60 days. Image Source: Zacks Investment Research Over the past year, Celestica has gained 119.8% compared with the industry's growth of 51.7%. Flex has gained 36.6% over the same period. Image Source: Zacks Investment Research Flex looks more attractive than Celestica from a valuation standpoint. Going by the price/earnings ratio, Flex's shares currently trade at 14.49 forward earnings, lower than 22.72 for Celestica. Image Source: Zacks Investment Research While Celestica carries a Zacks Rank #3 (Hold), Flex has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Celestica and Flex expect sales and profits to improve in 2025. Celestica has shown sharp revenue and EPS growth over the years, while Flex has been facing a topsy-turvy road. Celestica boasts a better price performance, but Flex's valuation metrics appear comparatively more attractive. However, based solely on the Zacks Rank, Flex is relatively better placed than Celestica. Hence, Flex seems to be a better investment option at the moment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jabil, Inc. (JBL) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Celestica, Inc. (CLS) : Free Stock Analysis Report Sanmina Corporation (SANM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
