Jabil Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Jabil (NYSE:JBL) Second Quarter 2024 Results
Key Financial Results
Revenue: US$6.77b (down 17% from 2Q 2023).
Net income: US$927.0m (up 348% from 2Q 2023).
Profit margin: 14% (up from 2.5% in 2Q 2023).
EPS: US$7.40 (up from US$1.55 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jabil EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates significantly.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 19% from a week ago.
Risk Analysis
Be aware that Jabil is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...
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