Investors focused on the Computer and Technology space have likely heard of Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Jabil is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. JBL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JBL's full-year earnings has moved 12.56% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that JBL has returned about 33.88% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 17.22% on average. As we can see, Jabil is performing better than its sector in the calendar year.
Looking more specifically, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual stocks and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 23.10% so far this year, so JBL is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on JBL as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Jabil is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. JBL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JBL's full-year earnings has moved 12.56% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that JBL has returned about 33.88% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 17.22% on average. As we can see, Jabil is performing better than its sector in the calendar year.
Looking more specifically, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual stocks and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 23.10% so far this year, so JBL is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on JBL as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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