Jabil (JBL) Experiences Minor Decline Amid Earnings Anticipation
On the last trading day, Jabil (JBL) finished at $135.52, slipping by 0.17%. This decline was modest compared to the S&P 500, which gained 0.1%. The Dow Jones increased by 0.69%, while the Nasdaq, a tech-heavy index, edged up by 0.06%.
Recent Performance Outshines Peers
In the month leading up to today’s trading, Jabil’s shares rose by 9.27%. This uptick outperformed the Computer and Technology sector’s growth of 4.92% and the S&P 500, which saw a 4.37% increase during the same timeframe.
Upcoming Earnings Report in Focus
Investors and analysts are keenly awaiting Jabil’s forthcoming earnings report. The company is expected to report earnings per share (EPS) of $2.04, which indicates a significant 21.54% drop compared to the same quarter last year. Forecasts also suggest revenue will reach approximately $6.6 billion, down 21.29% year-over-year.
Fiscal Year Projections
For the entire fiscal year, the Zacks Consensus Estimates indicate earnings at $8.64 per share and revenue of $27.01 billion. This signals a slight increase of 1.77% in earnings but a decrease of 6.48% in revenue when matched against the previous year.
Analyst Estimates and Stock Performance
Keep an eye on any revisions to analyst estimates for Jabil. Such changes often reflect evolving business conditions. In general, positive revisions suggest optimism about the company’s future performance and profitability.
Understanding the Zacks Rank System
Research indicates that estimate adjustments can directly affect stock prices. To track this, Zacks has developed the Zacks Rank system. This rating system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has shown a strong track record, with #1 stocks achieving an average annual gain of 25% since 1988. Currently, Jabil holds a Zacks Rank of #4 (Sell).
Valuation Comparison
Valuationally, Jabil trades at a Forward P/E ratio of 15.72, which compares favorably with the industry average Forward P/E of 19.03, indicating a discount. Additionally, Jabil has a PEG ratio of 1.45, while its industry averages at 1.29. This ratio considers expected earnings growth in relation to P/E.
Industry Performance Insights
The Electronics – Manufacturing Services industry belongs to the broader Computer and Technology sector. Positioned with a Zacks Industry Rank of 12, it represents the top 5% of over 250 industries.
Monitoring Stocks and Metrics
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Jabil, Inc. (JBL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
