We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Jabil (JBL) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
The most recent trading session ended with Jabil (JBL - Free Report) standing at $122.55, reflecting a +0.52% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 1.12%, and the Nasdaq, a tech-heavy index, added 0.38%.
Coming into today, shares of the electronics manufacturer had lost 2.43% in the past month. In that same time, the Computer and Technology sector lost 3.16%, while the S&P 500 lost 2.65%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. On that day, Jabil is projected to report earnings of $2.56 per share, which would represent year-over-year growth of 10.82%. Our most recent consensus estimate is calling for quarterly revenue of $8.73 billion, down 9.44% from the year-ago period.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $9.50 per share and revenue of $33.46 billion. These results would represent year-over-year changes of +10.08% and -3.57%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.23% higher. Jabil is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Jabil currently has a Forward P/E ratio of 12.84. This expresses no noticeable deviation compared to the average Forward P/E of 12.84 of its industry.
Investors should also note that JBL has a PEG ratio of 1.07 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Manufacturing Services industry was having an average PEG ratio of 1.07.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Jabil (JBL) Ascends While Market Falls: Some Facts to Note
The most recent trading session ended with Jabil (JBL - Free Report) standing at $122.55, reflecting a +0.52% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 1.12%, and the Nasdaq, a tech-heavy index, added 0.38%.
Coming into today, shares of the electronics manufacturer had lost 2.43% in the past month. In that same time, the Computer and Technology sector lost 3.16%, while the S&P 500 lost 2.65%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. On that day, Jabil is projected to report earnings of $2.56 per share, which would represent year-over-year growth of 10.82%. Our most recent consensus estimate is calling for quarterly revenue of $8.73 billion, down 9.44% from the year-ago period.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $9.50 per share and revenue of $33.46 billion. These results would represent year-over-year changes of +10.08% and -3.57%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.23% higher. Jabil is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Jabil currently has a Forward P/E ratio of 12.84. This expresses no noticeable deviation compared to the average Forward P/E of 12.84 of its industry.
Investors should also note that JBL has a PEG ratio of 1.07 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Manufacturing Services industry was having an average PEG ratio of 1.07.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.