Jabil Circuit (JBL) in Focus: Stock Falls by 7.4% - Tale of the Tape
Jabil Circuit Inc. (JBL) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for JBL, as the stock is now down over 7% in the past one-month time frame.
The provider of electronic manufacturing services has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
JBL currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Plexus Corp. (PLXS), holding a Zacks Rank #2 (Buy).
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JABIL CIRCUIT (JBL): Free Stock Analysis Report
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