In the latest trading session, Jabil (JBL) closed at $38.93, marking a +1.25% move from the previous day. This change outpaced the S&P 500's 0.12% loss on the day. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq gained 0.02%.
Coming into today, shares of the electronics manufacturer had gained 7.98% in the past month. In that same time, the Computer and Technology sector gained 5.66%, while the S&P 500 gained 4.42%.
Investors will be hoping for strength from JBL as it approaches its next earnings release. On that day, JBL is projected to report earnings of $0.94 per share, which would represent year-over-year growth of 4.44%. Meanwhile, our latest consensus estimate is calling for revenue of $6.96 billion, up 6.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.43 per share and revenue of $25.96 billion. These totals would mark changes of +15.1% and +2.67%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JBL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. JBL currently has a Zacks Rank of #3 (Hold).
Investors should also note JBL's current valuation metrics, including its Forward P/E ratio of 11.2. Its industry sports an average Forward P/E of 13.28, so we one might conclude that JBL is trading at a discount comparatively.
Meanwhile, JBL's PEG ratio is currently 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Jabil, Inc. (JBL) : Free Stock Analysis Report
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