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Jabil Circuit Inc (JBL - Analyst Report) is set to report fiscal fourth quarter 2013 results on Sep 25. In the prior quarter, the company posted an average positive earnings surprise of 4.35%. Moreover, the company has posted an average positive earnings surprise of 0.74% over the past four quarters. Let’s see how things are shaping up for the company in this quarter.

Growth Factors this Past Quarter

Jabil reported mixed third quarter results. Although earnings of 48 cents per share beat the Zacks Consensus Estimate by a couple of cents, revenues marginally lagged the consensus mark.

Revenues increased 5.1% from the year-ago quarter to $4.47 billion. The year-over-year growth was primarily driven by strong performance from the High Velocity and Enterprise & Infrastructure segments, which fully offset a weak performance from the Diversified Manufacturing segment.

Earnings Whispers?

The Zacks Consensus Estimate for the fourth quarter stands at 47 cents per share while that for fiscal 2013 is $1.92 per share. There have been no revisions in the fourth quarter and 2013 estimates over the last 60 days.

The lack of any movement in estimates signals that the fourth quarter might not be too different from the past quarters. This is also indicated by that fact that the stock carries a Zacks Rank #3 (Hold).

We caution against stocks with Zacks Ranks #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Other Stocks to Consider

Our model states that a stock needs to have both a positive Zacks Earnings ESP and a Zacks Rank of #1, #2 or #3 to beat earnings estimates. You could, however, consider the following stocks that satisfy both criteria:

Micron Technology (MU - Analyst Report) has a Zacks Rank #1 (Strong Buy) and Zacks Earnings ESP of +27.27%

Plexus Corp (PLXS - Analyst Report) has a Zacks Rank #2 (Buy) and Zacks Earnings ESP of +1.49%

Synnex Corp (SNX - Snapshot Report) has a Zacks Rank #2 (Buy) and Zacks Earnings ESP of +1.05%.

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