Jabil (JBL - Free Report) reported third-quarter fiscal 2020 earnings of 37 cents per share, which beat the Zacks Consensus Estimate by 8.8%. However, the figure decreased 35.1% year over year due to disruptions caused by coronavirus outbreak.
Revenues increased 3.3% year over year to $6.33 billion and beat the Zacks Consensus Estimate by 13.7%.
Quarter Details
Electronics Manufacturing Services (EMS) revenues accounted for 62% of total revenues and decreased 2% year over year to $3.9 billion. However, Diversified Manufacturing Services (DMS) revenues accounted for 38% of total revenues and improved 13% year over year to $2.4 billion.
Gross margin, on a GAAP basis, remained flat year over year at 7.2%.
Core EBITDA margin contracted 40 bps on a year-over-year basis to 5.6%.
Jabil, Inc. Price, Consensus and EPS Surprise
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.
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Jabil (JBL - Free Report) reported third-quarter fiscal 2020 earnings of 37 cents per share, which beat the Zacks Consensus Estimate by 8.8%. However, the figure decreased 35.1% year over year due to disruptions caused by coronavirus outbreak.
Revenues increased 3.3% year over year to $6.33 billion and beat the Zacks Consensus Estimate by 13.7%.
Quarter Details
Electronics Manufacturing Services (EMS) revenues accounted for 62% of total revenues and decreased 2% year over year to $3.9 billion. However, Diversified Manufacturing Services (DMS) revenues accounted for 38% of total revenues and improved 13% year over year to $2.4 billion.
Gross margin, on a GAAP basis, remained flat year over year at 7.2%.
Core EBITDA margin contracted 40 bps on a year-over-year basis to 5.6%.
Jabil, Inc. Price, Consensus and EPS Surprise
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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