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Jabil (JBL) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Jabil (JBL - Free Report) closed at $131.32, marking a +0.11% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.2% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.07%.
Shares of the electronics manufacturer have appreciated by 7.03% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.27% and the S&P 500's gain of 7.49%.
Market participants will be closely following the financial results of Jabil in its upcoming release. The company's earnings per share (EPS) are projected to be $2.57, reflecting a 11.26% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $8.73 billion, indicating a 9.39% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.50 per share and a revenue of $33.42 billion, indicating changes of +10.08% and -3.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Jabil is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 13.81 right now. Its industry sports an average Forward P/E of 13.81, so one might conclude that Jabil is trading at no noticeable deviation comparatively.
We can also see that JBL currently has a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.15 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Jabil (JBL) Advances While Market Declines: Some Information for Investors
In the latest trading session, Jabil (JBL - Free Report) closed at $131.32, marking a +0.11% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.2% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.07%.
Shares of the electronics manufacturer have appreciated by 7.03% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.27% and the S&P 500's gain of 7.49%.
Market participants will be closely following the financial results of Jabil in its upcoming release. The company's earnings per share (EPS) are projected to be $2.57, reflecting a 11.26% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $8.73 billion, indicating a 9.39% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.50 per share and a revenue of $33.42 billion, indicating changes of +10.08% and -3.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Jabil is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 13.81 right now. Its industry sports an average Forward P/E of 13.81, so one might conclude that Jabil is trading at no noticeable deviation comparatively.
We can also see that JBL currently has a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.15 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.