In the latest trading session, Jabil (JBL) closed at $366.16, marking a +2.68% move from the previous day. This change outpaced the S&P 500’s 0.26% gain on the day. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.54%.
The electronics manufacturer’s shares have seen an increase of 9.12% over the last month, surpassing the Computer and Technology sector’s loss of 0.41% and the S&P 500’s gain of 2.13%.
The upcoming earnings release of Jabil will be of great interest to investors. It is anticipated that the company will report an EPS of $4.05, marking a 23.1% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.61 billion, indicating a 16.51% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.74 per share and revenue of $34.97 billion, which would represent changes of +30.67% and +17.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Jabil. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Jabil is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Jabil’s current valuation metrics, including its Forward P/E ratio of 27.99. This valuation marks a discount compared to its industry average Forward P/E of 28.36.
Meanwhile, JBL’s PEG ratio is currently 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. JBL’s industry had an average PEG ratio of 0.8 as of yesterday’s close.
The Electronics – Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 7, which puts it in the top 3% of all 250+ industries.
