Jabil Inc. (JBL) reported strong fiscal Q3 results, with sales increasing 15% year-over-year to $7.82 billion, surpassing estimates of $7.08 billion by 10%. Earnings per share (EPS) rose to $2.55, a 35% increase from the previous year, beating estimates of $2.33 per share by 9%. The results come amid ongoing geopolitical tensions in the Middle East.
For fiscal Q4, Jabil expects sales between $7.1 billion and $7.8 billion, with current projections at $7.55 billion (8% growth). EPS guidance is set at $2.64-$3.04, compared to current expectations of $2.75 (19% growth). Year-to-date, Jabil’s stock has risen more than 40%, significantly outperforming broader market indices.
Jabil maintains a diversified customer base, including key clients such as Apple and Amazon, and has robust earnings momentum, exceeding the Zacks EPS Consensus for 21 consecutive quarters. The company is also on track to complete a $1 billion share repurchase plan, reflecting its operational confidence.
